NXT :: descendant of Bitcoin - Updated Information

[TwinWinNerD]

i hope the stake holders do not sell into buy walls but rather to just put up their own monster sell walls.

Can anyone explain to me how that works?  I understand the order book but I always just buy at market.

If an stakeholder wants to sell an amount that moves the market (in todays orderbook that would be 250k+) then a market order would be bad for all parties. One should just set an sell order at a given price and wait for the market to absorb it.

[ZeroTheGreat]

i hope the stake holders do not sell into buy walls but rather to just put up their own monster sell walls.

Can anyone explain to me how that works?  I understand the order book but I always just buy at market.

Someone do order with high volume at higher price and if there's enough demand to beat all lower-price deals, price go up for sure and stays till wall lives. Same with selling.

Any price-watchers'd keep in mind it means times less, if there's no stable big enough volumes are trading. Low volumes can do 50-200% previous price with no time. I suppose it can be second reason (to first as preventing spam) of setting a +/-30% boundary. To give time stakeholders to react and to not show something like -80%/+200% every next minute 

[utopianfuture]

Hmm, in that case annual cleaning can create some problems, am I right? Big businesses creating plans for tens of years.

The shrinking doesn't erase all the data. Also Service Providers will keep all blockchains.

Hi Cfb, can we make a public announcement function in which a message can be broadcasted to the whole network. We may need this feature in case a certain public forum got shut down.  

[S3MKi]

Please VOTE for Adding NxT @Cryptsy here
https://cryptsy.freshdesk.com/support/discussions/topics/44434
likes/comments

please donate me some NXT.

No.

[GröBkAz]

what could de bottom price before the next rise starts?

[ferment]

hi, i'm yueye000. Sorry made that mistake, how about "acc:5693933960808456307" ?

U r the 1st who implemented this feature, so u decide. Just make sure it's not reserved in URI standard. Ur decision will change the future.

Here are the URI schemes: https://en.wikipedia.org/wiki/URI_scheme.

acct might be a better choice.

Based on the spec, the correct format would be "acct:5693933960808456307@nxt". Of course, we could leave the "@nxt" off and imply that an acct uri without a host is a NXT account. But, I think we should follow the spec so you could have aliases like "acct:ferment@bitcointalk".

[xyzzyx]

Here are the URI schemes: https://en.wikipedia.org/wiki/URI_scheme.

acct might be a better choice.

Based on the spec, the correct format would be "acct:5693933960808456307@nxt". Of course, we could leave the "@nxt" off and imply that an acct uri without a host is a NXT account. But, I think we should follow the spec so you could have aliases like "acct:ferment@bitcointalk".

God I hate those posts that quote a previous post and just add a "+1", but...

+1

[punkrock]

Hi Cfb, can we make a public announcement function in which a message can be broadcasted to the whole network. We may need this feature in case a certain public forum got shut down.  

+1

[Alias]

i hope the stake holders do not sell into buy walls but rather to just put up their own monster sell walls.

Can anyone explain to me how that works?  I understand the order book but I always just buy at market.

Open the Market Levels at dgex and see at which prices NXT would be selling if someone decided they wanted a couple of million NXT and you will get the point.

You guys should come and contribute to our "Wall Observer" thread! - https://nextcoin.org/index.php/topic,74.0.html

[TwinWinNerD]

Hi Cfb, can we make a public announcement function in which a message can be broadcasted to the whole network. We may need this feature in case a certain public forum got shut down.  

+1

who would control such a feature? This sounds potentially dangerous tbh

[pandaisftw]

I sunk 1 more Btc in today, bought all under 0.00006 so not bad. Thanks to the shareholders, or whoever is helping out with nice prices.

I'm tempted to move some of my BTC into NXT right now, prices are way too tempting!

[TwinWinNerD]

   
      27914      15469581309328573862      Sonntag, 29. Dezember 2013 22:18:59   
      
      7      499 + 7      1'269 B   
      
      1      726782742001008098      1207 %
am i on a fork, or why is the target so high?

[xyzzyx]

Hi Cfb, can we make a public announcement function in which a message can be broadcasted to the whole network. We may need this feature in case a certain public forum got shut down.  

+1

who would control such a feature? This sounds potentially dangerous tbh

Sounds like a job for a service provider if you ask me. 

[Come-from-Beyond]

nice price nxt to da ground?

LOL

[bitcoinrocks]

i hope the stake holders do not sell into buy walls but rather to just put up their own monster sell walls.

Can anyone explain to me how that works?  I understand the order book but I always just buy at market.

If an stakeholder wants to sell an amount that moves the market (in todays orderbook that would be 250k+) then a market order would be bad for all parties. One should just set an sell order at a given price and wait for the market to absorb it.

So you create a buy or sell "wall" to avoid moving the market?

[Patel]

So you create a buy or sell "wall" to avoid moving the market?

yeah, its the same as when people put buy or sell walls on bitcoin exchanges, instead of directly dumping into buys.

wall = set a price to sell at (selling 1k btc at 1000), is a wall at 1000
market order = sell to whoever is buying, dumping the coin into people who have buy orders up, thus eliminating the buy order and driving the price down for bids. Is the same for buys as well.

[Come-from-Beyond]

Hi Cfb, can we make a public announcement function in which a message can be broadcasted to the whole network. We may need this feature in case a certain public forum got shut down.  

We can, but this is supposed to be handled by Service Providers.

[Alias]

i hope the stake holders do not sell into buy walls but rather to just put up their own monster sell walls.

Can anyone explain to me how that works?  I understand the order book but I always just buy at market.

If an stakeholder wants to sell an amount that moves the market (in todays orderbook that would be 250k+) then a market order would be bad for all parties. One should just set an sell order at a given price and wait for the market to absorb it.

So you create a buy or sell "wall" to avoid moving the market?

Just read this - http://www.snell-pym.org.uk/archives/2013/04/08/understanding-bitcoin-market-depth/

[Come-from-Beyond]

   
      27914      15469581309328573862      Sonntag, 29. Dezember 2013 22:18:59   
      
      7      499 + 7      1'269 B   
      
      1      726782742001008098      1207 %
am i on a fork, or why is the target so high?

It's not high. I see this block.

[canuck]

Hi Cfb, can we make a public announcement function in which a message can be broadcasted to the whole network. We may need this feature in case a certain public forum got shut down.  

+1

who would control such a feature? This sounds potentially dangerous tbh

Sounds like a job for a service provider if you ask me. 

Actually I don't think so.  This is a feature of the Bitcoin-qt client that has always interested me to some degree.  A few people have the ability to broadcast a message that will appear on all Bitcoin-qt clients which has proven useful but its a centralized credibility problem.

If nodes could see a message and decide whether or not to pass it along to all other nodes, this might be useful.  Kind of like a voting system similar to reddit but weighted by how much NXT someone has in their address.  So for example, two nodes, one with 50 NXT and one with 500 NXT both see a message being broadcast on the network.  The node with 50 NXT thinks it's stupid and rates the message poorly but the node with 500 NXT thinks it's good and rates it positively.  The message would be deemed mostly credible because 10X more votes went to ward propagating the message across the network.

You could have a panel with "important news" in it that NXT holders vote on at their leisure.  If a majorly important event is going on that other NXT users should know about, it's in every NXT holder's vested interest to make other NXT users aware of the news by rating it highly and rating unimportant news poorly.