NXT :: descendant of Bitcoin - Updated Information

[ZeroTheGreat]

The fundamental value

No such thing. Same with fairness. All things in the world are relative. Value's pretty relative to scenario happening around asset. Today Bitcoin worth. Tomorrow? We'll see.

[Damelon]

damelon,

I am not trying to overreact, I am trying to patch a hole in the NXT story that is told on the wiki and everywhere. Nowhere does it mention that BCnext basically gifted millions of dollars to the founders. While it might not bother you, all it takes is for it to bother one writer at a major outlet and all of a sudden a million people are convinced NXT founders are greedy.

WHY do we need to take that chance when all we have to do is add the BCnext donation to the current story. It is true isn't it?

With a starting baseline in the millions, it is similar to a VC backed company that hits the bigtime with an IPO. Make the founders like the employees of an IPO with multimillion dollar backing. That is a much more believable story than 21 BTC turning into 100 million market cap. That is just such a large percentage that the yuris of the world will latch onto it and what good does that do us?

Please just update the wiki and we can change the conversation to all the other positive things as I doubt the "greedy founders" rhetoric will get much traction, especially if the approve the non-founder dividend.

I've been involved with Ripple and before they got their WCG giveaway, they had a lot of the same issues. Now they are helping to cure cancer and AIDS and the complaints about their proof of stake origins are much less. NXT needs to change the current way it explains the genesis event

Think of it as a bug that just needs to be fixed. Please fix this bug, wiki peoples.

James

Can I recap this as that next to the technological aspect, we need "story"?
If so, I agree.

Also, I'd like to add that I do not think (how would I know?) you are overreacting. I don't know you, and communication via text is always tricky. I just like to make my arguments sharp to see if I am "getting" what someone is saying. So thanks for clearing it up

[jl777]

Zerothegreatest,

NXT does have fundamental value. It is the first crypto that pays dividends. Please do not underestimate this. To a lot of investors anything that doesn't pay interest is a speculative growth stock. Nevermind mind companies like MSFT, GOOG, etc all start as the speculative growth stocks without any dividends.

NXT is paying out dividends however small right from the beginning.
Yet, I had to figure this out on my own and between fighting with rewinding blockchains, memory leaking java clients, etc. I could have easily missed the significance.

If we want NXT to achieve bitcoin marketcap, does anybody want that?, then this is the way to go. I know I am not the smartest guy around, especially on a forum like this and I would love to hear any other differentiating feature of NXT that will pull in BIG investment money from long term investors.

Please we need something. Anything is better than nothing and first interest paying crypto is a pretty good start. Please help improve this. We are distributed. No structure so the best idea wins. My idea is to present NXT truthfully and conservatively.

I do not want a roller coaster ride on the NXT price.Too much stress. Ideally it goes in a straight line from where it is to its future price. Unfortunately that is not possible. So let's copy Warren Buffet. I am just telling everyone what he already did. He also wanted long term investors. He didn't want the speculators. So he simply published what he estimated the value of his company shares. The market didn't often disagree with his estimate. Reading the Berkshire Hathaway annual reports is a treat.

So if we all concentrated on maximizing the lifetime future cashflow of NXT forging, that will reflect in our estimated valuation of current NXT, which in turn will prevent speculative bubbles.

NXT, the crypto Warren Buffet would invest in.

James

[utopianfuture]

I read aldrin's post and I don't even know what to say. You shouldn't just sell but also contribute to NXT's cause. I have not seen you much.

You don't know what to say because you don't know anything about me - my age, my skill level, my life commitments, my domestic circumstances. You don't know what I'm doing to help NXT, but it sounds like you have made some assumptions, and some judgments too.

I offered some feedback relevant to genuine concerns people have raised about big stake holders hoarding, and the damage it would do to NXT.

You need to be more active. I am saying that not because I envy you. I don't. But NXT cause deserves more from you. BCNext expects more from you. You can justify whatever you want but when BCNext threatened to leave, he was aiming at you.

I'm running 2 nodes, I'm reading A LOT of NXT forum threads trying to learn how to setup nodes on Ubuntu VPS's - that's a huge leap for me requiring many hours. I'm keeping up with what's going on by reading the volumes of posts in the various NXT forums - that's many hours too.

I'm not Richard Branson with a private jet and personal staff. Maybe I'm a sick old lady in hospital with a bad back - you don't know enough about me to judge the merits of my activity levels?

BCNext doesn't expect anything from me - it's you!!

I'm not able to contribute to technology discussions (but I'm reading every word many many times), and marketing/promotional stuff is not something I can help with (life circumstances prevent that). You seem to be saying I'm not pulling my weight to help NXT, but you don't know anything about me.

I think you do envy me, and it's making you behave rudely towards me

I contributed back in september when I started following NXT, and I've read every forum post since, and I've learnt a lot.

What's the elephant in the room?

I've got a big stake and I should be donating lots to help NXT

How do you know I'm not?

What are you doing for NXT and why? I know what I've done, I know what I'm doing, and it's very early days.

Please explain why BCNext threatened to leave ? He did it once and he could do it again. No elephant here. I did not ask you to donate or share or distribute your property. I would never ask anyone something like that. I asked you to be more active because of NXT cause and BCNext.
Is that too much to ask you for something making you a millionaire? Isn't it the message BCNext sent?

Why do you seem to be angry? I am simply stating the facts. Nxt at the moment is a very small community, volunteers works with others a lot here and at nextcoin forum. If you feel like you have done your part, then fine. We will leave it at that.

[N[e]wBie]

seem to have a huge amount of problems getting the nxt program working, works most of the time then gets random errors that break it. I have deleted the blockchain and transaction file and restored the backups, cleared cookies, closed browser, and shut down java, still getting this error: java.lang.nullpointerexception
any help? 

[coolfish]

NXT is very features, But the client can upgrade more easy to use?

It will be something like this, but I don't know when they will launch it. Maybe 3rd january?
Can you confirm CfB? 

This screenshot looks good.
But I mean, just double-click to start the nxt client as bitcoin client. And does not require pre-installed java.

[jl777]

Wiser and Newbie
I had all the same problems until I modified the xml file in the root subdirectory. There is a list of host IP addresses, not sure of latest one as I am on my travel laptop, but you put that in. Restart and it worked for at least 3 days before the memory leak killed it. Jan 3rd should have the 4.8 release with bug fixes to make it more stable.

James

[ZeroTheGreat]

NXT does have fundamental value. It is the first crypto that pays dividends. Please do not underestimate this.

I do not. Nothing fundamental, no warranties, but something brand new and great potential. There're risks altogether. That's my point of view.

[ZeroTheGreat]

And does not require pre-installed java.

Devs can add Java installer to client installer file. So there'll be more of "Next" button.

[ntkrnl]

NXT is very features, But the client can upgrade more easy to use?

It will be something like this, but I don't know when they will launch it. Maybe 3rd january?
Can you confirm CfB? 

http://87.230.14.1/charts/01_screen.png

url?

[jl777]

ZeroTheGreat,

Have you read Fundamental Analysis? Have you followed Berkshire Hathaway?
I mean fundamental value using Buffet's definition of lifetime future cashflows. Are you saying that NXT has no forging payouts?

If NXT has forging payouts, then it has future cashflow. The only issue and maybe this is what you are saying that since the payout is in NXT, that all future cashflows are potentially without value? I admit, I haven't worked out the conversion from lifetime future NXT to lifetime future cash, but since we are mapping NXT to fiat and we all know what fiat is actually worth, I think there is most definitely a non-zero mapping of lifetime future NXT from forging to fiat.

I am talking about math here. Not opinions. What is your math that says that there is no fundamental value to NXT forging?

James

[aldrin]

Why do you seem to be angry? I am simply stating the facts. Nxt at the moment is a very small community, volunteers works with others a lot here and at nextcoin forum. If you feel like you have done your part, then fine. We will leave it at that.

Your first words to me were.

I read aldrin's post and I don't even know what to say. You shouldn't just sell but also contribute to NXT's cause. I have not seen you much.

You know nothing about me, and yet your first comment was basically

"wow, I'm speechless, I just read aldrin's post - where does that guy get off - all he's doing is selling his NXT and he wants a medal! GET ACTIVE ASSHOLE, like me (utopianfuture). NXT wont survive unless you're visible, like me (utopianfuture)"

You're the angry one! I feel great!!

edit: and I'm active, and will be in the future, so you're original assumption is false, and your tone was rude (but I'm not angry)

[opticalcarrier]

...I'm running 2 nodes, I'm reading A LOT of NXT forum threads trying to learn how to setup nodes on Ubuntu VPS's - that's a huge leap for me requiring many hours.

please get with me, I can help with your VPS issue.  I am running 8 very high performance VPSs and I could use your hallmark if your account balance is very high.  Im not an original stakeholder with millions and milllions of n NXT and my VPSs would really shine if they had a very heavily weighted hallmark

[coolfish]

When the Nxt account is unlocked and hang mining, I hope to have functional limitations sending funds to prevent malicious hackers transferred to others

[Patel]

Sexy ass gui

[utopianfuture]

Why do you seem to be angry? I am simply stating the facts. Nxt at the moment is a very small community, volunteers works with others a lot here and at nextcoin forum. If you feel like you have done your part, then fine. We will leave it at that.

Your first words to me were.

I read aldrin's post and I don't even know what to say. You shouldn't just sell but also contribute to NXT's cause. I have not seen you much.

You know nothing about me, and yet your first comment was basically

"wow, I'm speechless, I just read aldrin's post - where does that guy get off - all he's doing is selling his NXT and he wants a medal! GET ACTIVE ASSHOLE, like me (utopianfuture). NXT wont survive unless you're visible, like me (utopianfuture)"

You're the angry one! I feel great!!

edit: and I'm active, and will be in the future, so you're original assumption is false, and your tone was rude (but I'm not angry)

Oh please you are full of bull excuses hiding behind the annonimity. I am not rude but I am frank. No wonder you don't like it. I am looking forward to see your contribution in the future.

[ZeroTheGreat]

Are you saying that NXT has no forging payouts?

Not at all. I'm saying we have some risks. So far good managing. I don't like expressions like "fundamental, fair, all people, 100%" and so on. World's pretty complex, everyone targeting his own goals, it's time to time very hard to calculate properly what will happen. But for sure I'd always remember: all things are relative. Value comes in front of many other things, it's very dynamic.

Two minutes ago I valued a chatting over all avaliable, now I'm starting to valuing more than any other some rest, cos system changed, my body programmed for some sleep for survive. Good night.

[aldrin]

...I'm running 2 nodes, I'm reading A LOT of NXT forum threads trying to learn how to setup nodes on Ubuntu VPS's - that's a huge leap for me requiring many hours.

please get with me, I can help with your VPS issue.  I am running 8 very high performance VPSs and I could use your hallmark if your account balance is very high.  Im not an original stakeholder with millions and milllions of n NXT and my VPSs would really shine if they had a very heavily weighted hallmark

Ok, I will need to look into that some more, but I'm interested to help you. C-F-B actually setup my original VPS, and since the ddos attack I took the hallmark off as I thought that was the best advice.

I've also changed accounts to strengthen my password, so I'd have to redo the hallmark (which c-f-b did for me). I do have security concerns about unlocking a large account though (is that visible to other nodes?) I know hallmark is separate from unlocked/forging account, but before I get too heavily into things I want to know the security landscape a bit better.

I posted this yesterday but nobody answered so far.

https://bitcointalk.org/index.php?topic=345619.msg4182386#msg4182386

[wiser]

Wiser and Newbie
I had all the same problems until I modified the xml file in the root subdirectory. There is a list of host IP addresses, not sure of latest one as I am on my travel laptop, but you put that in. Restart and it worked for at least 3 days before the memory leak killed it. Jan 3rd should have the 4.8 release with bug fixes to make it more stable.

James

Unfortunately, this is way too technical for me. I actually jumped into NXT because a friend recommended it, and when I read about it it sounded like it was the sort of alt coin that would be good for people who didn't know a whole lot about coding or programming, like you install and run it and you're good to go. Unfortunately, NXT has been the squirliest thing I've ever dealt with. I can see my account on the block chain and it shows that since I purchased the value has gone up fivefold, so I'm kind of excited about that, but I can't access anything.

Do you happen to know if the 4.8 release will come with an install wizard? It would be so much easier if it could be installed in one step and just done right from the beginning without me having to modify this or modify that.

[jl777]

zero

am glad just a terminology thing. I can't help what Buffet called his methodology. I am using it to specifically mean the securities analysts meaning.

James