NXT :: descendant of Bitcoin - Updated Information

[S3MKi]

NXT BUY and SELL: 0.25%

The trade fee is high too.
This is not conducive to the development of NXT

AGREE!!!11

[1714657246]

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[jl777]

I won't use Ripple no matter how appealing it may seem. Sorry but the foundation is rotten.

Agree. I see no future in Ripple. The same old thing.

Regardless of its future we can trade NXT/BTC without fees, now. Not the future. Peercovers business model is long term and based on forging fees.

As much as people say they don't like ripple, I see a lot in common between them, but let's not get into some sort of debate over if it has a future or not. Not really the point. ripple is here to stay, so is NXT. Why not utilize ripple for what it is able to do?

James

P.S. I forgot 20XRP is the minimum, you need 30XRP to start trading. I will send 30XRP to anybody that needs it. Just send me back 10NXT or .001 BTC or the 30 XRP when you are setup

[laowai80]

NXT BUY and SELL: 0.25%

The trade fee is high too.
This is not conducive to short term speculation in NXT

here, I fixed it for ya

[opticalcarrier]

P.S.Peercover was willing to invest in all the development, NXT leakage, etc. and be in it for the long term forging revenue model. Actions speak louder than words. Support the company that supports the NXT community.

James - what is the minimum XRP that needs to be in the reserve to trade on Peercover? I just opened a wallet and am unfunded atm.

You need 20XRP. Send me your wallet address I will send it to you. You can repay me in NXT in my sig or via ripple send to rfHFcdmZgUKAFVYCaWWfYni6q8H7wLhFXr

For those who don't know in ripple you can send NXT or anything to another person and it will automatically show you a selection of what you have in your wallet that would convert to the desired amount

James

can you give us ripple dummies a quick 1,2,3 step by step of getting USD/EUR/etc into the ripple network to buy XRP?  Then I assume it operated like a normal exchange from there?

[mcjavar]

Peercover/ripple

NXT, BTC, LTC BUY and SELL: 0.00%

NXT deposits: 0%

BTC deposits: 0%

LTC deposits: 0%

NXT cashouts: 0.0%, automated

BTC cashouts: 0.0%, automated

LTC cashouts: 0.0%, automated

Also, I think aldrin has added more inventory! There is now NXT available for 3 XRP which is around .0001 BTC and about right for what the price should really be. Maybe this whole dgex thing is to make NXT price go down on the day src was released. I think the true market price should be set on ripple

I have had many request for how to trade using peercover/ripple.

1st step is to just create a ripple wallet to get id. Then go to the link in my signature and deposit BTC. I won't be making a market in NXT/LTC today.

As soon as BTC is transferred, you will get BTC in your wallet and you will be able to trade NXT/BTC. I will try to get some competitive offers there within an hour. So, everybody get ripple acct, go to simpleGateway and get your ripple wallet funded with BTC. Oh, you have to create a trust line by going to the ripple wallet's advanced page and clickon "Add trust" and select BTC and put in peercovers address along with the size of your BTC deposit. This allows you to make a deposit of BTC.

If you can post when you get stuck I will help. If you need some XRP to start I will send you some. If you succeed, please post and explain how difficult it wasn't

James

P.S. The whole ripple process is very similar to what people will have to do for colored coins, so might as well get some practice

How can I sell Nxt?

[bybitcoin]

I warned about dgex behavior several times in our bounty thread, every time the head guy jumped in to defend their business.
But the funny part is they even didn't try to implement the simplest of improving suggestions which we mentioned there: that
is a secure https connection..?!
What dgex does is very simple, they are making bunch of money out of Nxt, and the only thing they improve is just their profits,
simply because of two reason:
1- Monopoly, not any serious competitions;
2-They are here for a short-term profit.
First was freicon, then nxt... they only need to change the logo each time!

None of this is true, except for the monopoly claim. It's not intentional, we do not limit anybody from opening an exchange. Perhaps worth it to think about the reasons for the nonexistence. Maybe nobody else was ready to carry the risk on inmature network. Yet by enabling trading we have increased NXT value to 100x what it was before DGEX launched.

We have had https for several weeks, just use it.

DGEX is here for long term.

We promised free trading and no NXT cashout fees to encourage NXT adoption for until the end of December.

The main reason for 1.4% NXT withdrawal fee is that we have lost a total of approx. 800 000 NXT during the processing of 11000+ deposits and 7000+ payouts within the month in the unstable NXT network and experimental API, plus our own software in the quick time to market and extremely risky circumstances.

If you think that's too much of a loss, you should have attempted to run the whole show yourself. There ALWAYS are losses in realtime payment processing. They need to be budgeted.

Yet at the same time, we have not complained but have enabled for the community 10000% value increase for their NXT, and through operating nextcoin.org and dgex.com have been a crucial factor in the expansion of NXT adoption.

Now, with the 800 000 NXT deficit, how would you suggest we recover that if not as fees from those who have benefited from us making live trading available in the first place (the customers)? Any suggestions are welcome!

Fees cover the facilities, and they cover the risks. We deal with it, and so should our customers.

You are simply a liar, at least Nxt community people know me well, and they know how loyal I've been to this project so far.
You are just an opportunist. The only reason I didn't try to make an exchange for Nxt was and is that I am not a businessman, otherwise it was not hard for me to put 1M of my big stake to make an exchange in a week (received several offers actually).
You can't make a big change in your fees without a prior notice. You lost some Nxt, well that is how a business might go, people who trusted your integrity should not pay for your sudden loss. I know you will continue your reasoning shit again and again, but people are angry, and you are here for the short term, that's for sure.
About https, you are right, I didn't try to login into your shitty platform for a long time to check again. Continue your shit!

[jl777]

There's no liquidity on peercover for XRP/BTC either. Looks like if you have anything in NXT right now it's a sitting duck for the time being.

It is chicken and egg. If we just started trading peercover NXT/BTC on ripple, there will be liquidity. We don't need to worry about any other thing trading on ripple. NXT/BTC is like a colored coin that is just using ripple for exchange.

If we get people trading this on ripple, the spreads will become smaller and remember there are no fees, so if you can't get a trade you like, just withdraw.

 there is now over 50,000 NXT available in the NXT/XRP orderbook, only my 1000 NXT/BTC

spread is 2.85/3 XRP. Not great, but not bad.

All we need is more inventory. Then again, we could just pay dgex all our NXT in fees, is that better than getting dirty with ripple?

James

[bidji29]

I created a ripple wallet on peercover.
Do we need to create a Ripple wallet on ripple.com too?

My address is rErGtTgdEoRba1d6vYF2kCHw3oX6Y9Wt5x
and how can i deposit some NXT?

[opticalcarrier]

Dgex is slow as hell to release funds, but they will be fast as hell to take a huge cut.

http://www.nxtchg.com

Dgex alternative

what are the fees associated there?  I cant seem to find any info page on the main site there, just a create account or login links

[utopianfuture]

I won't use Ripple no matter how appealing it may seem. Sorry but the foundation is rotten.

Agree. I see no future in Ripple. The same old thing.

Why? Is this because it is centralized or something else?

Yes it is centralized. It is like Google of Facebook inventing an electronic payment system and offer you to use. It has been a year and it gains no traction at all which is pretty bad for a start-up.   But it is not the main reason I am not enthusiastic.

To be honest, after bitcoin there is no excitement in a pure payment system anymore.

In NXT, I see a more exciting future in a decentralized stock market, alias system, a secure message and voting system. These things are innovative. Being a payment system is a nice add-on but it is no longer 2008, you can't just re-invent the wheel and make people excited.      

[S3MKi]

price @8500. great dgex!!!!11

[laowai80]

It is chicken and egg. If we just started trading peercover NXT/BTC on ripple, there will be liquidity. We don't need to worry about any other thing trading on ripple. NXT/BTC is like a colored coin that is just using ripple for exchange.

Because NXT is introducing its own system of colored coins through Distributed Assets Exchange soon, using Ripple to trade NXT hurts value of NXTs they hold. Ripple and NXT are more competitors than Bitcoin and NXT are. So, anyone who wants NXT to succeed should not use Ripple to trade NXT. Are my assumptions wrong? If they are wrong, why?

[wesleyh]

Graviton; are you here for the long term or the short term?

If long term, lower your fees now, they are extraordinarily high. Can anyone tell me any other exchange that has fees this high?

Do you believe in Nxt and what it stands for? Then help make it grow and keep your fees below 0.5% (which is still alot). Help attracting new users instead and increase the value of Nxt, which will give you a bigger return than what you're doing now. If you don't, your site will slowly start dying and soon will be forgotten. Unfortunately.

[timmyd]

There's no liquidity on peercover for XRP/BTC either. Looks like if you have anything in NXT right now it's a sitting duck for the time being.

It is chicken and egg. If we just started trading peercover NXT/BTC on ripple, there will be liquidity. We don't need to worry about any other thing trading on ripple. NXT/BTC is like a colored coin that is just using ripple for exchange.

If we get people trading this on ripple, the spreads will become smaller and remember there are no fees, so if you can't get a trade you like, just withdraw.

 there is now over 50,000 NXT available in the NXT/XRP orderbook, only my 1000 NXT/BTC

spread is 2.85/3 XRP. Not great, but not bad.

All we need is more inventory. Then again, we could just pay dgex all our NXT in fees, is that better than getting dirty with ripple?

James

+1 listen to the man NO FEES

[jl777]

P.S.Peercover was willing to invest in all the development, NXT leakage, etc. and be in it for the long term forging revenue model. Actions speak louder than words. Support the company that supports the NXT community.

James - what is the minimum XRP that needs to be in the reserve to trade on Peercover? I just opened a wallet and am unfunded atm.

You need 20XRP. Send me your wallet address I will send it to you. You can repay me in NXT in my sig or via ripple send to rfHFcdmZgUKAFVYCaWWfYni6q8H7wLhFXr

For those who don't know in ripple you can send NXT or anything to another person and it will automatically show you a selection of what you have in your wallet that would convert to the desired amount

James

can you give us ripple dummies a quick 1,2,3 step by step of getting USD/EUR/etc into the ripple network to buy XRP?  Then I assume it operated like a normal exchange from there?

I would recommend starting with BTC and NXT.  There are plenty of fiat gateways (including peercover) but with the usual paperwork delays.

Step 1: create ripple acct
Step 2: post your ripple address and I will send you 30 XRP
Step 3: goto simpleGateway and deposit BTC (need to add trustline for this)
Step 4: goto ripple wallet trade page and select NXT/BTC with peercover ra9eZxMbJrUcgV8ui7aPc161FgrqWScQxV as issuer
Step 5: enjoy frictionless trading by submitting buy and sell orders

James

P.S. Step 6, send me back my 30XRP or .001 BTC or 10NXT

[coolfish]

Trading platform function is obsolete..

1.4% NXT withdrawal fee wait 3~24 H  


Where the NXT main function p2p Asset Exchange now?

[bitcoinrocks]

DGEX is a business and they can charge whatever they want.  BUT accepting deposits under the pretense of a 0% withdrawal fee and then changing that to a 1.2% withdrawal fee after the deposits have been received and with no notice is just WRONG.

[jl777]

Regardless of its future we can trade NXT/BTC without fees, now.

I respect your initiative to offer the community an alternative to exchange/purchase NXT, but I believe you need to inform them better on the whole XRP conversion and how it relates to their trading. In certain cases that might actually be considered a fee in itself. Of course, in a highly liquid market, which is not true in this scenario at the moment, it could work in a trader's favor.

We trade NXT/BTC there is NO need for XRP conversions.
I am taking care of the ripple newbies, not out to gouge them or trick them with large spreads

James

[S3MKi]

Graviton you are cutting my eggs! Why? Why so hight fee for us?? Remove buy/sell fees!!

[mcjavar]

Dgex is slow as hell to release funds, but they will be fast as hell to take a huge cut.

http://www.nxtchg.com

Dgex alternative

what are the fees associated there?  I cant seem to find any info page on the main site there, just a create account or login links

Deposited some to allow liquidity.