NXT :: descendant of Bitcoin - Updated Information

[GröBkAz]

Is the release good or bad for the nxt price?

[GCInc.]

well, what you guys expect, dgex is a business, it's for a profit, don't like it - there are other exchanges or set up your own. Doing manual withdrawals, covering losses from his own pocket and dealing with 300 emails per day must be a nightmare.

Thanks. You're one of the few who seems realize what this is all about, and it's not even certain the nightmare of throwing $5M+ worth of trader money back and forth in an unstable status payment network eventually leaves anything on my hands.

We investigated a security breach (and covered losses) during the break.

[mcjavar]

well, what you guys expect, dgex is a business, it's for a profit, don't like it - there are other exchanges or set up your own. Doing manual withdrawals, covering losses from his own pocket and dealing with 300 emails per day must be a nightmare.

Thanks. You're one of the few who seems realize what this is all about, and it's not even certain the nightmare of throwing $5M+ worth of trader money back and forth in an unstable status payment network eventually leaves anything on my hands.

We investigated a security breach (and covered losses) during the break.

That is fine, and even the fees can can be ok if you COMMUNICATE it to the people! I am ready to join your team to do this if you have no resources. Because the way it was handled this time makes our work spreading Nxt worthless. For a lot of newcomers dgex=Nxt. They don´t say YOU are doing things bad. They say NXT is bad.

[swansong]

well, what you guys expect, dgex is a business, it's for a profit, don't like it - there are other exchanges or set up your own. Doing manual withdrawals, covering losses from his own pocket and dealing with 300 emails per day must be a nightmare.

Thanks. You're one of the few who seems realize what this is all about, and it's not even certain the nightmare of throwing $5M+ worth of trader money back and forth in an unstable status payment network eventually leaves anything on my hands.

We investigated a security breach (and covered losses) during the break.

Yeah but even now I try to withdraw btc with 3.2 fee (it used to be instant as promised) and it is pending. i am paying %3.2 fee and it is not automated...

[davethetrousers]

So the source has been (mostly) released. I'm gonna go through it in a quiet hour with a good cup of tea.

it is their business model - trade for free but then you are cashed when leaving

Seems completely fair to me. If I ran an exchange, I would probably do the same thing.

[mcjavar]

well, what you guys expect, dgex is a business, it's for a profit, don't like it - there are other exchanges or set up your own. Doing manual withdrawals, covering losses from his own pocket and dealing with 300 emails per day must be a nightmare.

Thanks. You're one of the few who seems realize what this is all about, and it's not even certain the nightmare of throwing $5M+ worth of trader money back and forth in an unstable status payment network eventually leaves anything on my hands.

We investigated a security breach (and covered losses) during the break.

Yeah but even now I try to withdraw btc with 3.2 fee (it used to be instant as promised) and it is pending. i am paying %3.2 fee and it is not automated...

Maybe that´s the reason?

https://nextcoin.org/index.php/topic,2155.0.html

[bitcoinpaul]

For a lot of newcomers dgex=Nxt. They don´t say YOU are doing things bad. They NXT is bad.

Reminds me of our old friend: magical sux!

[bizz]

Yawn. Stop being a complaining parasite & make your own exchange if you don't like dgex. Or ask other exchanges to support NXt.

[mcjavar]

For a lot of newcomers dgex=Nxt. They don´t say YOU are doing things bad. They NXT is bad.

Reminds me of our old friend: magical sux!

omg, my post was full of typeos. sorry for that. I was very passionate.

[Fatih87SK]

To the moon!

[schnib12]

well, what you guys expect, dgex is a business, it's for a profit, don't like it - there are other exchanges or set up your own. Doing manual withdrawals, covering losses from his own pocket and dealing with 300 emails per day must be a nightmare.

Introducing new fees for people who already have money on the trading site isn't a nice way to do business. So it would be fair if people who deposited before the new fees where introduced would be able to withdraw the "old" way. Otherwise it is just a scam.

[jl777]

I think NXT forging fees allow for an exchange to earn enough money to pay for expenses, as long as large frauds are avoided. Therein lies the business problem.

I have advocated a no-commission no fee automated deposit/withdrawal exchange to peercover's owner and got agreement to see if it will attract enough deposits to make it worthwhile. So far, there is less than one million NXT trading, so we need to at least try it out to see if it is a reasonable alternative.

I spent a lot of time to make a totally frictionless trading environment for NXT, that also happens to be distributed across dozens (hundreds) of rippled servers.

Ripple is not so bad and once you get used to it, it is actually pretty cool. Why not put a small amount into peercover. There are actually some nice arbitrages possible. The other day I saw a $1000 arbitrage go down as ripple prices are not as fast moving

It is important for people to be able to trade NXT without getting hit with lots of fees. High frequency trading leads to lower spreads, which means you get more when you sell and pay less when you buy.

Maybe people are not comfortable trading NXT/XRP. If there was active NXT/BTC or NXT/USD market, will anybody use it?

James

[laowai80]

To the moon!

Well, not so quick, first landing is above 0.0001 BTC and staying there not crashing below again.

[bitcoinpaul]

Is the release good or bad for the nxt price?

It should be very good, unless a major flaw disturbs the trust. We can now see clearly that it is not a scam coin, like some critics shouted the whole time. We have the code, now lets invest!

[jl777]

well, what you guys expect, dgex is a business, it's for a profit, don't like it - there are other exchanges or set up your own. Doing manual withdrawals, covering losses from his own pocket and dealing with 300 emails per day must be a nightmare.

Introducing new fees for people who already have money on the trading site isn't a nice way to do business. So it would be fair if people who deposited before the new fees where introduced would be able to withdraw the "old" way. Otherwise it is just a scam.

It is customary to have 30 day notice before changing fee structure dramatically. With NXT accelerated timeframe, even 3 day notice would have been expected. Maybe 3hr notice?

James

[laowai80]

Introducing new fees for people who already have money on the trading site isn't a nice way to do business. So it would be fair if people who deposited before the new fees where introduced would be able to withdraw the "old" way. Otherwise it is just a scam.

Scam is too harsh of a word, but I agree there should be a prior warning for those who want to withdraw before the new fees become active.

[mcjavar]

well, what you guys expect, dgex is a business, it's for a profit, don't like it - there are other exchanges or set up your own. Doing manual withdrawals, covering losses from his own pocket and dealing with 300 emails per day must be a nightmare.

Introducing new fees for people who already have money on the trading site isn't a nice way to do business. So it would be fair if people who deposited before the new fees where introduced would be able to withdraw the "old" way. Otherwise it is just a scam.

It is customary to have 30 day notice before changing fee structure dramatically. With NXT accelerated timeframe, even 3 day notice would have been expected. Maybe 3hr notice?

James

+1

[BitcoinForumator]

Dgex.com right now -> well this looks swell.

[swansong]

yeah dgex.com looks gorgeous rite now. congratz.

[bitcoinpaul]

Maybe people are not comfortable trading NXT/XRP. If there was active NXT/BTC or NXT/USD market, will anybody use it?

James

Pretty sure.