NXT :: descendant of Bitcoin - Updated Information

[Emule]

dumpedy dump   500k dump on bter.

 

you will never see 0.00008 again whales dumping 500k at a time 

[BitcoinForumator]

dumpedy dump   500k dump on bter.

 

you will never see 0.00008 again whales dumping 500k at a time  

Even if that was the case (which it isn't, you're making up stories again), they can only do it for many times.

[marcus03]

dumpedy dump   500k dump on bter.

 

you will never see 0.00008 again whales dumping 500k at a time 

Even if that was the case (which it isn't, you're making up stories again), they can only do it for so long.

He mixed it up with this buy order:

Price   Amount(NXT)   Total(BTC)
0.00007000   515,751.386   36.10260

[chanc3r]

dumpedy dump   500k dump on bter.

 

you will never see 0.00008 again whales dumping 500k at a time  

Good morning, Emule, no matter what you do there'll always be a place for you in our hearts....

http://www.youtube.com/watch?v=N_gdN94iMQk

[Emule]

dumpedy dump   500k dump on bter.

 

you will never see 0.00008 again whales dumping 500k at a time 

Even if that was the case (which it isn't, you're making up stories again), they can only do it for so long.

He mixed it up with this buy order:

Price   Amount(NXT)   Total(BTC)
0.00007000   515,751.386   36.10260

2014-03-23 17:31:35   Sell   0.00007001   714.183   0.05000
2014-03-23 17:31:35   Sell   0.00007011   5778.000   0.40510
2014-03-23 17:31:35   Sell   0.00007004   10000.000   0.70040
2014-03-23 17:31:35   Sell   0.00007030   12803.698   0.90010
2014-03-23 17:31:35   Sell   0.00007000   6922.899   0.48460
2014-03-23 17:31:35   Sell   0.00007011   59967.194   4.20430
2014-03-23 17:31:35   Sell   0.00007064   1500.000   0.10596
2014-03-23 17:31:35   Sell   0.00007004   14343.232   1.00460
2014-03-23 17:31:35   Sell   0.00007015   2200.000   0.15433
2014-03-23 17:31:35   Sell   0.00007010   5000.000   0.35050
2014-03-23 17:31:35   Sell   0.00007035   21457.000   1.50950
2014-03-23 17:31:35   Sell   0.00007001   29950.000   2.09680
2014-03-23 17:31:35   Sell   0.00007012   976.000   0.06844
2014-03-23 17:31:35   Sell   0.00007010   185449.358   13.00000
2014-03-23 17:31:35   Sell   0.00007030   5000.000   0.35150
2014-03-23 17:31:34   Sell   0.00007302   3968.775   0.28980
2014-03-23 17:31:34   Sell   0.00007100   1500.000   0.10650
2014-03-23 17:31:34   Sell   0.00007260   764.462   0.05550
2014-03-23 17:31:34   Sell   0.00007170   1000.000   0.07170
2014-03-23 17:31:34   Sell   0.00007300   7458.329   0.54446
2014-03-23 17:31:34   Sell   0.00007211   1400.000   0.10095
2014-03-23 17:31:34   Sell   0.00007160   1500.000   0.10740
2014-03-23 17:31:34   Sell   0.00007300   54.794   0.00400
2014-03-23 17:31:34   Sell   0.00007210   16400.832   1.18250
2014-03-23 17:31:34   Sell   0.00007302   741.244   0.05413
2014-03-23 17:31:34   Sell   0.00007145   1500.000   0.10718
2014-03-23 17:31:34   Sell   0.00007270   20.000   0.00145
2014-03-23 17:31:34   Sell   0.00007170   1630.000   0.1168

[BitcoinForumator]

BS. Made up numbers.

Go back to doing some relevant FUD, at least that would have some credibility to it.

[Emule]

case is one of your trusted members founders is dumping nxt to oblivion

very nice community

tend to believe it is lopie again he is dumping since day one below price

[BitcoinForumator]

case is one of your trusted members founders is dumping nxt to oblivion

very nice community

Are you still trying to catch the 0.00004? You sold the last time at that price didn't you?

[bitcoinpaul]

I think more than anything NXT suffers from lack of people who have both a deep knowledge of the project and who have strong presentation skills.  You have some people in your group who have good presentation skills (like Kris) but who feel out of depth when it comes to technical stuff.

Anybody I talk to needs to be able to explain to my why it's not an insanely bad tradeoff to not have a wallet.dat and to require a very difficult to remember, unique brainwallet to be entered for every action.  That is by far the biggest barrier to actual use, and I've yet to hear a good solution.

Since you wrote you use NXT Solaris: I have implemented a file wallet already in my client for the next version. Users can then choose if they want to use it or use brainwallet secrets.

+1 for the options!

[Emule]

now back to 0.000075 and whan enough volume dump it back again to oblivion

we can go on for years to come unless smart people start to understand this game and leave this dumpcoin

[iamibo]

we can go on for years to come unless smart people start to understand this game and leave this dumpcoin

[Emule]

of course price will never rise and kill nxt within this month, my previous prediction came also out

[markus1000]

are there plans to add two-factor authentication to Nxt?

[Jerical13]

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.

I do understand your counter arguments. If a certain mathematical proportion of Bitcoin is traded it will case the price to fluctuate in "chaotic" ways. But what does that mean exactly? If You look at the history of Bitcoin price, has this math ever been relevant? Has it ever been indicative of anything? Can you site an example of when this math has ever been a reason for market fluctuations? Bitcoin has had price fluctuations but these fluctuations have been related to confidence and speculation and not this math.

If the parameters of the AE are set to allow for NXT only trades, and someone puts a billion USD's on a listing, What would you infer from that? I would suspect that they wanted to get rid of their USD's, and that they wanted to trade them for NXT. At the current market cap for NXT, this would be impossible; But the cool thing is, the price of NXT is not fixed, and therefor the capacity is not fixed. If people who own NXT are willing to adjust there expectations for the price of their NXT,  (which I am sure that they would), then your math would be the effect of this; then, assuming that there would be enough people who didn't recognize the implications of this loading of a billion USD's onto the exchange, and hold tight to their NXT to get as much for them as the billionaire could bare to pay for them, there would be an exchange in proportion to the total in circulation currency that would cause the price of NXT to be "chaotic", as it would shoot up.

So the math would be the effect of the market. The math doesn't take into account the human aspect of self interest, and the ability of people to recognize situations, and act according to their interests. Math can't smell blood in the water.

So now that our investor has around a billion USD's worth of NXT, would you expect him to act in a way that would be counter to his interests and dispose of his NXT in a way that would decrease their value? He would assumingly have a fairly large number of NXT (how many can not be determined as the market would have set the price for his trades and the price would dictate the total quantity of his NXT holdings). He would essentially be in the same situation as some of the NXT stakeholders. Has there ever been an instance that a NXT stakeholder used your math to devalue their holdings? There have been price fluctuations in the NXT currency, but it, to my knowledge, has never been for the reason that you are implying. And if the investor wants to exchange his billion USD's worth of NXT for another asset listed on the AE, will there be an asset with a billion dollar capacity? Will the AE have a billion USD's worth of total assets?

If there were parameters set that allowed exchanges in any currency or asset, and someone puts a billion dollars on listing, I would still suspect that they wanted to get rid of the USD's, but would there be a billion dollar capacity asset? Would there be a billion dollars worth of total assets? The billionaire would be listing his USD's from a whole other vantage point. His holdings would be the strong holdings and he could set his price. The most likely outcome of this situation would be that this imported currency, because of it's capacity, would become the base currency for trading, as it would come to the exchange with an inherent confidence, and a capacity to back trades across the entire exchange, and the native currency would most likely have no means to recover or compete with this import; and sadly this import would be fiat.

In my opinion, it would be error to undercut the NXT currency in order to accommodate usage of the AE because it would weaken the NXT platform as a whole. NXT is more than just an AE.

If 10% of NXT is traded it will cause the market to fluctuate to levels of chaos. And if the Earth is hit by a meteor the diameter of a small city, it will cause the atmosphere to be incinerated.

[Isildur23]

So the raspberry pi stuff is basically a gimmick because someone actually mining with a raspberry pi, unless they have a very large amount of NXT statistically isn't going to be rewarded, and you can't even pool effectively since the secret (which gives control of the entire account) must be sent to the pool operator for them to be able to forge on your behalf which is the same as giving them to the pool operator and hoping that they give them back along with your share of what was earned.

Hi, Adam. I am not sure if you saw this (so i will repost it):

@mindtomatter - it is planned that users will be able to "lease" their forging rights (without giving out the "keys to their account")

p.s. I really appreciate your contribution here. Everyone here is free to say anything so there probably will be people who don't take your advice. Please don't be discouraged by this because a lot of people will hear you and take into account your advice. You said really wise things and brought a lot of positiveness. I hope you stay around!

[bidji29]

I see there is now some discussion about a wallet.dat feature.

Some weeks ago, i propose a 40k bounty for Wesleyh to make it happen on his client and make it the default.

I described earlier the steps between the different method :

A newcomer need to pass through 5 steps before having access to an account number.

- Launch the client
- Click on "Not registered? Click here!"
- Move his mouse arround
- Land on a complicated message. Then, copy a set of of 12 word (That's the worst step. Not user-friendly at all )
- Then recopy those word to finally have an account number



This solution is an improvment of course but I think a wallet.dat is really needed if we want to touch a wider audience.

With a wallet.dat. There is only ONE step :

-Launch the client




It's always possible to encrypt and backup the wallet.dat later. I don't think those security measure should happen at the first launch, because it's not very user friendly.
There is always the possibility to add a warning for that  at the 5 or 10th launch of the client.

And in case you didn't notice the first time :
Wesley i'm ready to donate another 40k NXT to you if you implement the wallet.dat feature, with a high priority

[chanc3r]

In just a couple hours I will be doing the daily payout for http://hashrate.org and today it looks like somewhere in the range of 5000 NXT (at least) will be getting sent out to the miners.

Thanks for the payout...

Folks you have some spare miners scrypt or sha - why not point it at hashrate.org or nxtp00l.org and get NXT, they mine crapcoin sell and send you NXT direct to your account... I've got about 500 nxt so far...

I'm almost out of the PoW game but dumping what little crapcoin I can mine to gain NXT is what i've been doing anyway, doing it this way takes out the hassle of selling / buying it myself.

AND 'No' this DOES NOT make NXT A PoW coin....

[BitcoinForumator]

Let's just employ Adam B Levine as our spokesperson. He's as good as it gets. 

[seek4dream]

dumpedy dump   500k dump on bter.

 

you will never see 0.00008 again whales dumping 500k at a time 

Even if that was the case (which it isn't, you're making up stories again), they can only do it for so long.

He mixed it up with this buy order:

Price   Amount(NXT)   Total(BTC)
0.00007000   515,751.386   36.10260

2014-03-23 17:31:35   Sell   0.00007001   714.183   0.05000
2014-03-23 17:31:35   Sell   0.00007011   5778.000   0.40510
2014-03-23 17:31:35   Sell   0.00007004   10000.000   0.70040
2014-03-23 17:31:35   Sell   0.00007030   12803.698   0.90010
2014-03-23 17:31:35   Sell   0.00007000   6922.899   0.48460
2014-03-23 17:31:35   Sell   0.00007011   59967.194   4.20430
2014-03-23 17:31:35   Sell   0.00007064   1500.000   0.10596
2014-03-23 17:31:35   Sell   0.00007004   14343.232   1.00460
2014-03-23 17:31:35   Sell   0.00007015   2200.000   0.15433
2014-03-23 17:31:35   Sell   0.00007010   5000.000   0.35050
2014-03-23 17:31:35   Sell   0.00007035   21457.000   1.50950
2014-03-23 17:31:35   Sell   0.00007001   29950.000   2.09680
2014-03-23 17:31:35   Sell   0.00007012   976.000   0.06844
2014-03-23 17:31:35   Sell   0.00007010   185449.358   13.00000
2014-03-23 17:31:35   Sell   0.00007030   5000.000   0.35150
2014-03-23 17:31:34   Sell   0.00007302   3968.775   0.28980
2014-03-23 17:31:34   Sell   0.00007100   1500.000   0.10650
2014-03-23 17:31:34   Sell   0.00007260   764.462   0.05550
2014-03-23 17:31:34   Sell   0.00007170   1000.000   0.07170
2014-03-23 17:31:34   Sell   0.00007300   7458.329   0.54446
2014-03-23 17:31:34   Sell   0.00007211   1400.000   0.10095
2014-03-23 17:31:34   Sell   0.00007160   1500.000   0.10740
2014-03-23 17:31:34   Sell   0.00007300   54.794   0.00400
2014-03-23 17:31:34   Sell   0.00007210   16400.832   1.18250
2014-03-23 17:31:34   Sell   0.00007302   741.244   0.05413
2014-03-23 17:31:34   Sell   0.00007145   1500.000   0.10718
2014-03-23 17:31:34   Sell   0.00007270   20.000   0.00145
2014-03-23 17:31:34   Sell   0.00007170   1630.000   0.1168

Thanks for the dump, I got some cheap Nxt. This is mine.
2014-03-23 17:31:34   Sell   0.00007210   16400.832   1.18250

[Tyke]

Nxt will feature two pages in the book called Cryptocurrency "The Alt-ernative" the Beginner's Reference

https://bitcointalk.org/index.php?topic=483187.new#new


Please donate to the below Nxt wallet address in order to help fund this project:

14081530087791934508

It will have 2 pages similar to this:





If you spot any spelling or grammar errors, these are easily sorted.  I do have a full time job as well as trying to get this project completed too.