wakasaki808
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December 26, 2013, 08:53:27 AM |
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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 simpleBefore 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. Well if there is a market demand for it at a current price then the price/supply will match the market demand. Currently it looks to be the case, although there may be a dip sooner or later, who knows. Also imo the BitCoin argument isn't much because since BitCoin was first to the market, most people didn't know what BitCoin was about. It took BitCoin a while to gain popularity until they started getting articles covering it. Which led to other coins exploding in popularity and investments as well. Which from what I have gathered reading the forums, other's noticed as well. I didn't even know much about BitCoin till a little over a month ago, when I got interested as a result of a few investment articles. Just look at how BTC rocketed from around $100 to a peak of around $1200 in a month. The main point is, Don't invest in it if you don't believe in it. If more people don't invest then the price will reach the demand for it.
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landomata
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Activity: 2184
Merit: 1000
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December 26, 2013, 08:53:39 AM |
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Dude, this isn't even open source. At least DOGECOIN is open source. It's like ASIC vaporware
wow....i doubt anyone would DDOS vaporware but I could be wrong
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davidoski
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December 26, 2013, 08:54:17 AM |
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And it doesn't have a client without always bloating blockchain (despite the claims).
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Chancellor on brink of second bailout for banks
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greyw00lf
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December 26, 2013, 08:54:31 AM |
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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? Would be very interesting, yes...
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Come-from-Beyond
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Activity: 2142
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Newbie
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December 26, 2013, 08:54:53 AM |
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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.
Nxt is just more innovative than Google and Facebook together.
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landomata
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Activity: 2184
Merit: 1000
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December 26, 2013, 08:56:27 AM |
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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.
Nxt is just more innovative than Google and Facebook together. Nxt is its own social micro economy....the next Facebook will be built inside the Nxt ecosystem The actual term is Decentralized Application....these will surpass the largest banks & technology companies now on the planet...why? Cuz they are open sourced....you already miss the NXT IPO....but you can still buy shares(ie. Nxt) as all Nxt owners are stakeholders!
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yuriygeorge
Sr. Member
Offline
Activity: 262
Merit: 250
I hate my family
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December 26, 2013, 08:56:43 AM |
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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 simpleBefore 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. Well if there is a market demand for it at a current price then the price/supply will match the market demand. Currently it looks to be the case, although there may be a dip sooner or later, who knows. Also imo the BitCoin argument isn't much because since BitCoin was first to the market, most people didn't know what BitCoin was about. It took BitCoin a while to gain popularity until they started getting articles covering it. Which led to other coins exploding in popularity and investments as well. I didn't even know much about BitCoin till a little over a month ago, when I got interested as a result of a few investment articles. Just look at how BTC rocketed from around $100 to a peak of around $1200 in a month. Dude, at 500,000% return, this is pure speculation. People are gonna get real hurt when they find out about this. How can it already have 500,000% when it doesn't even have the open source code out yet? I mean if the code was released, and it was amazing, and then it hit 500,000%, then I would understand. But as of now, either A people re stupid and didn't do the math and are just throwing whatever they feel on it. Or B, there's a serious price manipulation going on with this exchange. Just withdraw my BTC from DGEX, too much risk with this, will watch and see. If this proves to be a legit crypto, then will invest.
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NxtChoice
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December 26, 2013, 08:56:58 AM |
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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.
No, at least 3 months, so many people's work. Do you know the first post on Nxt? It's on Sep. 28th. Do you know when BCNext start to work on it? Nobody know it. It's not fair to say somebody earn 5000X in one month, just like you can't say a VC earns 5000X in one day after the company IPO.
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davidoski
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December 26, 2013, 08:58:23 AM |
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Always bloating Nxt blockchain counter: 32 MB and rising. Next update soon (until some reasonable explanation).
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Chancellor on brink of second bailout for banks
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Ola
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December 26, 2013, 08:58:25 AM |
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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 +1000 one of the greatest lines..any type of advertisement is still advertisement
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Nxter,Bitcoiner,Ether highlevel developer working to improve the world.
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Come-from-Beyond
Legendary
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Activity: 2142
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Newbie
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December 26, 2013, 08:59:25 AM |
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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? Blockchain will be shrinken on annual basis (or monthly, is't up to stakeholders). There was written something about Nxt Service Providers that will serve off-chain data flows, can't find it quickly. Actually, the idea is not novel, u can find its description by searching for "mini-blockchains".
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davidoski
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December 26, 2013, 09:01:08 AM |
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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? Blockchain will be shrinken on annual basis (or monthly, is't up to stakeholders). There was written something about Nxt Service Providers that will serve off-chain data flows, can't find it quickly. Actually, the idea is not novel, u can find its description by searching for "mini-blockchains". Ok, but it will be always bloating but at the slower rate, right?
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Chancellor on brink of second bailout for banks
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yuriygeorge
Sr. Member
Offline
Activity: 262
Merit: 250
I hate my family
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December 26, 2013, 09:03:14 AM |
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I'm not trying to shut this coin down. If it's legit, then awesome, let's wait and see. But I think that people are too lazy to do the math and don't realize that they're paying 420,000% more then what early adopters paid for it 1-3 month ago (whatever the number is). And on the exchange, the numbers look good. But, they don't stop and see that all the coins HAVE ALREADY been generated (yes, it's supposedly part of the POS, which is cool and all).
If you don't mind, I'll just keep reminding people that
0.000000021 BTC per coin = price of all 1 Billion coins paid for by 73 adopters (all already out in circulation with just 21 BTC worth of work) 0.00009 = current price
420,000 % return in in less than 3 months.
People... stop paying so damn much for these coins. At least wait for the sources to be released and peer reviewed.... Currently, it's a centralized currency.
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ImmortAlex
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December 26, 2013, 09:04:20 AM |
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Dude, this isn't even open source. At least DOGECOIN is open source. It's like ASIC vaporware
Most of forks are opensource. Do someone ever look at their source? This crowd of hamsters just believe that "opensource = good" but never read sources itself. It is just faith. Blind stupid faith. Number of "opensourced" forks were just a viruses, created to steal you precious wallet.dat. Wanna source of Nxt? Just decompile it, it's pure Java7 without obfuscation.
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Come-from-Beyond
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Activity: 2142
Merit: 1010
Newbie
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December 26, 2013, 09:04:29 AM |
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Ok, but it will be always bloating but at the slower rate, right?
No. Number of coins is limited. If we end with 1 NXT on each balance we'll need 40 GiB max (32 B for public key + 8 B for balance).
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Come-from-Beyond
Legendary
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Activity: 2142
Merit: 1010
Newbie
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December 26, 2013, 09:06:02 AM |
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I'm not trying to shut this coin down. If it's legit, then awesome, let's wait and see. But I think that people are too lazy to do the math and don't realize that they're paying 420,000% more then what early adopters paid for it 1-3 month ago (whatever the number is). And on the exchange, the numbers look good. But, they don't stop and see that all the coins HAVE ALREADY been generated (yes, it's supposedly part of the POS, which is cool and all).
If you don't mind, I'll just keep reminding people that
0.000000021 BTC per coin = price of all 1 Billion coins paid for by 73 adopters (all already out in circulation with just 21 BTC worth of work) 0.00009 = current price
420,000 % return in in less than 3 months.
People... stop paying so damn much for these coins. At least wait for the sources to be released and peer reviewed.... Currently, it's a centralized currency.
U should use mega-percents coz in a few months ur numbers will be inconvenient to read.
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landomata
Legendary
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Activity: 2184
Merit: 1000
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December 26, 2013, 09:06:33 AM |
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S3MKi
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Activity: 1540
Merit: 1016
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December 26, 2013, 09:08:35 AM |
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24946 15113910250211169408 26 Cнeжaнь 2013 12:06:49 0 0 + 0 0 B 1 8446763938361322122 607 %
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ImmortAlex
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December 26, 2013, 09:09:22 AM |
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24946 15113910250211169408 26 Cнeжaнь 2013 12:06:49 0 0 + 0 0 B 1 8446763938361322122 607 %
Confirm.
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wesleyh
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December 26, 2013, 09:10:03 AM |
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New mac client version with 0.4.7e and auto-update fixed. Auto-update was broken due to dropbox issues (the files are no longer hosted there). Download here: https://copy.com/W9JYHEwP7YnKMore info @ nextcoin.org (which is down...)
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