NXT :: descendant of Bitcoin - Updated Information

[yuriygeorge]

So, let me get this straight

1,000,000,000 (1 billion) initial coins
73 initial adopters
so roughly 13.7 Million each (assume equal distribution)
at 21 BTC Total
0.000000021 BTC per coin
current market rate is about 0.00008500

So, it’s that’s about 4,000x, or 400,000% more what the early adopters paid for? And it has only been a month? Are you serious? 400,000% returns? Now, this sounds too good to be true.

Am I missing something? So, at the only exchange trading Nxt, us regular folks have to pay 400,000% more than what early adopters paid for? Too bad fools can't do simple math. Correct me if I'm wrong!

I went to put an order in for 0.00000300, (That's still 14,200% more than what early adopters paid for), and the exchange WOULDN'T let me, saying that I can only put an order at maximum +/- 30% of last hours price... WOW

Does anyone want to sell me some Nxt's at 0.00000300 each? PM me, since I can't even put the order in on the exchange.

Seriously, I hope people are doing some maths on these numbers and aren't just buying these blindly. I'm all for great ideas, and this sounds great on the face of it, but 400,000% returns in a month is unreal. Prove me wrong.

Yes, but Bitcoin's been around for over 4 years now... You can't really make that comparison. Go back to when Bitcoin was started, and see how much it rose in 1 month, NOT 400,000%. It was probably under 30% as Bitcoin didn't kick off after many many months, and still never at 400,000%.

400,000% returns in 30 days we're talking here. If early adopters were making a reasonable 1000% in a month, then I think that may be worth the risk. But I believe the public is totally unaware of this 400,000% figure.

Also, I believe the exchange shows an artificially high volume and traffic, which leads to an artificial market capitalization. I can't prove it, but I bet a lot of the exchange activity is actually auto-generated. Indeed the last couple trades I saw were made in nice, even numbers of 500.
 
Also, the exchange has price controls and doesn't operate based on free markets. The price can easily be manipulated on the exchange, especially one with no history, and already seeing the price controls. I think the volume is inflated based on constant trades going on 500, etc. I bet that price is highly over-inflated (duh, 400,000%) and that volume is also highly over-inflated (from fake orders), which is why it shows up on CoinMarketCap as a legit number.

[allwelder]

So, let me get this straight

1,000,000,000 (1 billion) initial coins
73 initial adopters
so roughly 13.7 Million each (assume equal distribution)
at 21 BTC Total
0.000000021 BTC per coin
current market rate is about 0.00008500

So, it’s that’s about 4,000x, or 400,000% more what the early adopters paid for? And it has only been a month? Are you serious? 400,000% returns? Now, this sounds too good to be true.

Am I missing something? So, at the only exchange trading Nxt, us regular folks have to pay 400,000% more than what early adopters paid for? Too bad fools can't do simple math. Correct me if I'm wrong!

I went to put an order in for 0.00000300, (That's still 14,200% more than what early adopters paid for), and the exchange WOULDN'T let me, saying that I can only put an order at maximum +/- 30% of last hours price... WOW

Does anyone want to sell me some Nxt's at 0.00000300 each? PM me, since I can't even put the order in on the exchange.

Seriously, I hope people are doing some maths on these numbers and aren't just buying these blindly. I'm all for great ideas, and this sounds great on the face of it, but 400,000% returns in a month is unreal. Prove me wrong.

The math is quite simple

Before pre-launch: 1 BTC ~~ 50M NXT
Right after pre-launch: 1 BTC ~~ 1M NXT coz risk went down
Alias System was launched, DDoS attacks were counteracted, bugs were fixed... All these things increase confidence in success of Nxt. Higher confidence == higher price.

Absolutely agree.
But I want to say is that :the 30% restriction is really really unreasonable.
There is no need.
Why it appeared recently after price rise up ,but not at first?

[laowai80]

Yes, but Bitcoin's been around for over 4 years now...

I think it's safer to wait till source code is released by developers, and reviewed by others. It won't be long now, as they promised to release on January, 3. Then it will be safer to buy, because when others review it and help squash a few bugs, it will be stable. Right now it's still alpha and takes a lot of work to keep it running. Of course, when it becomes beta, it'll be more expensive to buy.

[bitcoinpaul]

Couldn't there be some automated decentralized distribution of the newest java code through the nxt system when we have enough known peers or is this a bad idea?

[Come-from-Beyond]

Why it appeared recently after price rise up ,but not at first?

No idea.

[yuriygeorge]

So, let me get this straight

1,000,000,000 (1 billion) initial coins
73 initial adopters
so roughly 13.7 Million each (assume equal distribution)
at 21 BTC Total
0.000000021 BTC per coin
current market rate is about 0.00008500

So, it’s that’s about 4,000x, or 400,000% more what the early adopters paid for? And it has only been a month? Are you serious? 400,000% returns? Now, this sounds too good to be true.

Am I missing something? So, at the only exchange trading Nxt, us regular folks have to pay 400,000% more than what early adopters paid for? Too bad fools can't do simple math. Correct me if I'm wrong!

I went to put an order in for 0.00000300, (That's still 14,200% more than what early adopters paid for), and the exchange WOULDN'T let me, saying that I can only put an order at maximum +/- 30% of last hours price... WOW

Does anyone want to sell me some Nxt's at 0.00000300 each? PM me, since I can't even put the order in on the exchange.

Seriously, I hope people are doing some maths on these numbers and aren't just buying these blindly. I'm all for great ideas, and this sounds great on the face of it, but 400,000% returns in a month is unreal. Prove me wrong.

The math is quite simple

Before pre-launch: 1 BTC ~~ 50M NXT
Right after pre-launch: 1 BTC ~~ 1M NXT coz risk went down
Alias System was launched, DDoS attacks were counteracted, bugs were fixed... All these things increase confidence in success of Nxt. Higher confidence == higher price.

Before pre-launch: 1 BTC ~~ 50M NXT
Right after pre-launch: 1 BTC ~~ 1M NXT coz risk went down (50x less)
1 mo after pre-launch: 1 BTC ~~ 0.01M (5000x less)

YOU GUYS. 5000,00% return in 1 month, are you nuts.

[Come-from-Beyond]

YOU GUYS. 5000,00% return in 1 month, are you nuts.

Have u ever heard of Google and Facebook?

[pinarello]

Hello, what is the latest version of the client pls.

Pin

[davidoski]

Will the blocks.nxt and transactions.nxt files always get bigger and bigger?

Yes, but after annual shrinking they'll become much smaller.

With current limit 32 KiB per block it's 16 GiB per year.

I'm constantly seeing that nxt is the currency without the bloated blockchain problem. But how can it be if the blocks.nxt and transactions.nxt files are (and will be) constantly getting bigger and bigger at the rate of 16 GiB per year?

Can anybody please refer to this?

[yuriygeorge]

So, let me get this straight

1,000,000,000 (1 billion) initial coins
73 initial adopters
so roughly 13.7 Million each (assume equal distribution)
at 21 BTC Total
0.000000021 BTC per coin
current market rate is about 0.00008500

So, it’s that’s about 4,000x, or 400,000% more what the early adopters paid for? And it has only been a month? Are you serious? 400,000% returns? Now, this sounds too good to be true.

Am I missing something? So, at the only exchange trading Nxt, us regular folks have to pay 400,000% more than what early adopters paid for? Too bad fools can't do simple math. Correct me if I'm wrong!

I went to put an order in for 0.00000300, (That's still 14,200% more than what early adopters paid for), and the exchange WOULDN'T let me, saying that I can only put an order at maximum +/- 30% of last hours price... WOW

Does anyone want to sell me some Nxt's at 0.00000300 each? PM me, since I can't even put the order in on the exchange.

Seriously, I hope people are doing some maths on these numbers and aren't just buying these blindly. I'm all for great ideas, and this sounds great on the face of it, but 400,000% returns in a month is unreal. Prove me wrong.

The math is quite simple

Before pre-launch: 1 BTC ~~ 50M NXT
Right after pre-launch: 1 BTC ~~ 1M NXT coz risk went down
Alias System was launched, DDoS attacks were counteracted, bugs were fixed... All these things increase confidence in success of Nxt. Higher confidence == higher price.

Before pre-launch: 1 BTC ~~ 50M NXT
Right after pre-launch: 1 BTC ~~ 1M NXT coz risk went down (50x less)
1 mo after pre-launch: 1 BTC ~~ 0.01M (5000x less)

YOU GUYS. 5000,00% return in 1 month, are you nuts.

Yes, and show me where Google or Facebook, had 500,000% returns in a month??? This is too good to be true. I'm going to keep informing the public of this number, and maybe people will see that they're paying way too much for these coins for something that isn't even open source. I'll keep an eye and watch how this coin plays out. It's interesting if it comes out to be true. But at this point, it just sounds too good to be true.

[mezzovide]

Morning dudes

easyCopyString:
95.85.46.233; 162.243.140.133; 146.185.129.54; 162.243.117.63; 192.241.155.44; 162.243.214.68; 95.85.46.164; 162.243.216.55; 162.243.143.15; 95.85.46.249; 93.190.92.74; 37.209.120.192; 93.190.92.75; 85.25.134.59; 93.190.92.76; vps1.nxtcrypto.org;  vps2.nxtcrypto.org;  vps3.nxtcrypto.org;  vps4.nxtcrypto.org;  vps5.nxtcrypto.org; nxtwallet.com; 31.220.50.208; nxt.ddos.me; 203.174.12.17; 88.198.142.92; 109.230.224.65;

I'm going to put this as a file on my node and then write a small script that updates the config automagically. I know the devs are on something of that sort already, but I want it now

Please edit 203.174.12.17 -> 203.174.12.25

I've already post update on page 423

add my vps @ Cinfu

easyCopyString:
95.85.46.233; 162.243.140.133; 146.185.129.54; 162.243.117.63; 192.241.155.44; 162.243.214.68; 95.85.46.164; 162.243.216.55; 162.243.143.15; 95.85.46.249; 93.190.92.74; 37.209.120.192; 93.190.92.75; 85.25.134.59; 93.190.92.76; vps1.nxtcrypto.org;  vps2.nxtcrypto.org;  vps3.nxtcrypto.org;  vps4.nxtcrypto.org;  vps5.nxtcrypto.org; nxtwallet.com; 31.220.50.208; nxt.ddos.me; 203.174.12.17; 88.198.142.92

Updating my ip address:
203.174.12.17 -> 203.174.12.25

easyCopyString:
95.85.46.233; 162.243.140.133; 146.185.129.54; 162.243.117.63; 192.241.155.44; 162.243.214.68; 95.85.46.164; 162.243.216.55; 162.243.143.15; 95.85.46.249; 93.190.92.74; 37.209.120.192; 93.190.92.75; 85.25.134.59; 93.190.92.76; vps1.nxtcrypto.org;  vps2.nxtcrypto.org;  vps3.nxtcrypto.org;  vps4.nxtcrypto.org;  vps5.nxtcrypto.org; nxtwallet.com; 31.220.50.208; nxt.ddos.me; 203.174.12.25; 88.198.142.92;

[bitcoinpaul]

It's not like a guy goes to the exchange and says "X shall be the new price". It is the market price - people recognize the community and possibilities behind nxt and value it accordingly.

[BloodyRookie]

Hello, what is the latest version of the client pls.

Pin

You find the various latest versions here: https://nextcoin.org/index.php/board,3.0.html

[landomata]

I wonder what they will say when Nxt crosses 1 usd 


Oh well no one has to buy do they

[Ardolafat]

Yes, and show me where Google or Facebook, had 500,000% returns in a month??? This is too good to be true. I'm going to keep informing the public of this number

Yeah! Keep informing the public, that would be great advertisement  

[ImmortAlex]

Am I missing something?

Only 21 BTC of investment. I think, BCNext expect much more, but people are afraid of scum too much. So, this give us "genesis time" price of 1bil / 21 = 47.6kk NXT for 1BTC.
Just compare it with price in first days - about 1kk NXT for 0.6 BTC. Use this number as starting point and you'll see more realistic price pump for one month.
Yes, software is buggy, zombies are attacking, exchange is in "manual mode", but overall idea is brilliant, and developers working hard on it. It is much more interesting than shitforks like dogecoin, so why it can't costs more?

[NxtChoice]

But I want to say is that :the 30% restriction is really really unreasonable.
There is no need.
Why it appeared recently after price rise up ,but not at first?

It's not Nxt's matter. It's dgex! That's a business, if dgex is not so good, another one will pass it.

Don't worry, wait for the p2p exchange built in Nxt.

[bitcoinpaul]

Yes, software is buggy, zombies are attacking, exchange is in "manual mode", but overall idea is brilliant, and developers working hard on it. It is much more interesting than shitforks like dogecoin, so why it can't costs more?

+1

[yuriygeorge]

Dude, this isn't even open source. At least DOGECOIN is open source. It's like ASIC vaporware

[yuriygeorge]

If I could buy this at 1000-5000% of what original investors paid for it, then I would.

But it's at 500,000%, and its only been a month.