NXT :: descendant of Bitcoin - Updated Information

[mcjavar]

Can someone make a distribution graph/table and send it to me via PM?

Just to share out the distribution currently

the elite contains now only 20 members.

Don´t forget the exchanges.

[Emule]

the elite contains now only 20 members.

I thought you are going to say less than 20 members since 1 member can hold multiple wallet

ofcourse, but so obvious i dont mention it.

[farl4web]

People keep asking me about my plans, I'm a bit tired to repeat the same again and again, so I post it here and will be giving the link to this message.

I have a "draft" of BCNext's ideas, it's mostly specs for client part, some hints and some instructions that he left in case Nxt would need to be reanimated (hehe). I have some nxts (more than 1M) and I'm also working on a project that is supposed to run on top of Nxt platform (it's related to that IPO I tweeted about). So I'm going to write code for other features (Monetary System, Phasing, etc.) Also I'll be implementing Transparent Forging, I'm not in a hurry, so I'll be adding more and more steps in parallel with the features. It's quite interesting to see if this idea works in the end. I can't give any ETA coz I have to cooperate with Jean-Luc, who reviews all the code, and guys who r testing all the stuff on the testnet. After the 3rd of April my contract is over and I won't be spending 100% of the time for Nxt, more likely 50% in average. But I hope that this summer I'll have everything done.

What does it take to stay in Nxt for 100%? Maybe the committees' could pay your salary?

Hope you'll help Nxt a long time, nice to have a guy who knows how the fork is in the handle. 

[LiQio]

the elite contains now only 20 members.

I thought you are going to say less than 20 members since 1 member can hold multiple wallet

ofcourse, but so obvious i dont mention it.

the formula is:
20 - exchanges = emule + emulessockpuppets

(emule is back, woohahahahaha)

[farl4web]

Hate that guy 

[LiQio]

Hate that guy 

it's best not to develop any feelings for or against emule

he's here - and he loves NXT - but has a different way of expressing it!

[bitcoinpaul]

I'm not looking for a pump and dump, which is all Nxt is at this point.

Such a statement and not from Elmo!

[zorke]

Hate that guy 

it's best not to develop any feelings for or against emule

he's here - and he loves NXT - but has a different way of expressing it!

lol   

[BitAddict]

im not talking about btc <> nxt... im talking about "fiat (bank transfer) <> NXT"....

people will directly be trading with each other.. the problem is.. how do you stop someone from saying they sent the money when they didnt...

A wants to buy 100 nxt for 10 dollars
B wants to sell 100 nxt for 10 dollars

A(buyer) puts 20 collateral nxt in escrow
B(seller) puts 100(to be sold) + 10 in escrow

A(buyer) bank transfers 10 dollars to B
B(seller) confirms money sent

escrow releases 100 + 20 collateral back to A(buyer)
escrow releases 10 back to B(seller).

if B(seller) claims money wasnt sent.. he looses his 10 coins(10%)
if A(buyer) doesnt send the money, he looses his 20 coins (20%)

this way if one tries to con the other.. he actually looses more then if he was honest...

if a and b are both with the same bank.. and have online banking.. they can make the deal fully go through in a matter of minutes! you could have ratings for users as to how long it takes them to transfer money ect...

banks/governments cannot ban it as it is only one person transferring money to another... they cant exactly prove they were buying coins... no central exchange to shut down.. ie. no china bans... the chinese cant stop it either.. they buy bitcoin with yuan.. sell it to someone in usa..

nothing stopping usd being put into a chinese bank right? isnt is just the yuan they dont want leaving?

perhaps use reputaion system to give buyers rep on sending money... so when seller receives money they confirm and then go give the buyer rep for sending.. we need to cut out 3rd party exchanges ENTIRELY! not just for crypto to crypto... being partly decentralized isnt enough... if there as any one given point they can attack they will...

look how they are hitting exchanges now... if people cant safely get fiat into crypto with out using 3rd party exchanges... then thats a way for this whole thing to be crushed....

made a thread for it over on nxtforum.org

https://nxtforum.org/asset-exchange/support-for-fiat-currencies-using-asset-exchange/msg5333/#msg5333

You can check this website to get ideas. They're developing a decentralized P2P escrow system without 3rd party.
http://www.coinffeine.com/

[hypersire]

Can someone make a distribution graph/table and send it to me via PM?

Just to share out the distribution currently

the elite contains now only 20 members.

Distribution looks pretty damn good to me... a hell of a lot better than Bitcoin was when it was 5 months old!

[lucky88888]

....

..

...

...

...

Because there is a trusted server in the middle. Btw. we will have CCT some time after AT is implemented. Then you can trade trustlessly BTC and NXT.

i meant to have the escrow accounts built into nxt so it becomes trustless. but since AT can do that then i guess, we can just wait for AT.

[Ebrelus]

Can someone make a distribution graph/table and send it to me via PM?

Just to share out the distribution currently

the elite contains now only 20 members.

Distribution looks pretty damn good to me... a hell of a lot better than Bitcoin was when it was 5 months old!

Wishful thinking it is.

Bitcoin was much more affordable then and had no competition... that makes big difference. And you don't have in bitcoin forging system favourising all big fishes and robbing all small holders who don't get any ROI, actually it's useless to forge if you aren't big fish so NXT is designed to be oligopoly from the start. What real new features were finished latly? You saw any? These are healthy concerns. NXT needs democracy, decentralisation and major reform if it want to compete not only with bitcoin but against any sec gen virtual money. Promises and hopes have short life. Big thread also doesn't indicate true quality of developing work if it never becames developed.

[Fatih87SK]

Can someone make a distribution graph/table and send it to me via PM?

Just to share out the distribution currently

the elite contains now only 20 members.

Distribution looks pretty damn good to me... a hell of a lot better than Bitcoin was when it was 5 months old!

Wishful thinking it is.

Bitcoin was much more affordable then and had no competition... that makes big difference. And you don't have in bitcoin forging system favourising all big fishes and robbing all small holders who don't get any ROI, actually it's useless to forge if you aren't big fish so NXT is designed to be oligopoly from the start. What real new features were finished latly? You saw any? These are healthy concerns. NXT needs democracy, decentralisation and major reform if it want to compete not only with bitcoin but against any sec gen virtual money. Promises and hopes have short life. Big thread also doesn't indicate true quality of developing work if it never becames developed.

We know that. Development team is working their ass off to accomplish what was promised.

Everyone just needs some patience.

[farl4web]

Can someone make a distribution graph/table and send it to me via PM?

Just to share out the distribution currently

the elite contains now only 20 members.

Distribution looks pretty damn good to me... a hell of a lot better than Bitcoin was when it was 5 months old!

+1

[hypersire]

Can someone make a distribution graph/table and send it to me via PM?

Just to share out the distribution currently

the elite contains now only 20 members.

Distribution looks pretty damn good to me... a hell of a lot better than Bitcoin was when it was 5 months old!

Wishful thinking it is.

Bitcoin was much more affordable then and had no competition... that makes big difference. And you don't have in bitcoin forging system favourising all big fishes and robbing all small holders who don't get any ROI, actually it's useless to forge if you aren't big fish so NXT is designed to be oligopoly from the start. What real new features were finished latly? You saw any? These are healthy concerns. NXT needs democracy, decentralisation and major reform if it want to compete not only with bitcoin but against any sec gen virtual money. Promises and hopes have short life. Big thread also doesn't indicate true quality of developing work if it never becames developed.

Again, you are forgetting that NXT is friggin 5 months old! Where the hell was Bitcoin at 5 months? Or for a more recent example, Ripple?! Ripple was barely usable at 5 months old.

As far as affordability goes, last I checked NXT is trading for around 3 cents. Do you think that is overpriced?

Everyone has a chance to get in now at these extremely undervalued prices. If you don't, you can't blame anyone but yourself when you're butthurt a year from now.

[instacalm]

And you don't have in bitcoin forging system favourising all big fishes and robbing all small holders who don't get any ROI, actually it's useless to forge if you aren't big fish so NXT is designed to be oligopoly from the start.

Hi Ebrelus, unless you have specialised and expensive hardware you can forget about mining Bitcoin altogether, not to mention that approximately 50% of Btc is held by <1000 people [1].  There's really no need to glorify Bitcoin's network.

[Blocktree]

just some lies.
most pp have lost faith with your answer,now you can answer your question by yourself.
Anyway,the fact is that Nxt is being dead.

Dead? Ok. Then it's time to follow the instructions and reanimate it. Emule, I luv u 2. 

Isnt being dead?
reanimate also mean NXT IS BEING DEAD.

Ps:I am not Emule.

[DrearyUrbanite]

just some lies.
most pp have lost faith with your answer,now you can answer your question by yourself.
Anyway,the fact is that Nxt is being dead.

Dead? Ok. Then it's time to follow the instructions and reanimate it. Emule, I luv u 2. 

Isnt being dead?
reanimate also mean NXT IS BEING DEAD.

Ps:I am not Emule.

If you are not Emo then  you might want to try some original material - just sayin'

[chanc3r]

mark my words multigateway will never be alive, and when it does it will die straight away.

james can not produce shit on his own toilet.

Sometimes I wish you would crap in your own toilet instead of in this thread.

[TwinWinNerD]

We should post documentation of features in this thread, so that newbies won't only see our elmo loving posts

I am gonna start now!