NXT :: descendant of Bitcoin - Updated Information

[Come-from-Beyond]

DGEX has consistently fallen and fallen just over 5% in last 24h - would you go to "minus 10%" which would give a price of 0.000039?

Let's just wait until it falls more.

[allwelder]

NXT NEWSLETTER

On the subject of info getting lost and most of us spending hours after hours on catching up on bitcointalk, nxtcoin.org, forum.nxtcrypto +

I have the time to tie a newsletter together a week - if somebody is willing to help me with info. I don't have the time anymore to trawl all the NXT-threads, but I can gather, sample and send the updates out, if I am feeded a resume from the different sources of information. 

NXTers on the mailing list will then get a chance to focus on their own battleground, while still getting the most important headlines from every other field of the NXT development (with links to the sources). Personally I like being up to date - also in the fields I am not capable of contributing to. And another plus: Important announcements for the community can easier reach everybody via a maillinglist.

We need at least one person from:
- Bitcointalk (main thread + various others) 
- Nextcoin forum 
- Forum.nxtcrypto 
to join this project and "feed" the newsletter resumes.
Info sent directly from developers or marketeers is of course also welcomed.

I don't have a thing (or NXT  ) to give you in return, but contributors will get their acc number on their contributions - and more importantly right now: Help to organize the NXT stream of info.

/apenzl

I had very same thought couple days back. I want to help as well... perhaps we can create mailinglist subscription and start sending weekly news... 3 person can make/collect a reasonable weekly mail and send out interested parties

Great! So now we are 2 already!

I figured there might be lurkers on every thread who could gather and send a weekly resumé to the newsletter. There more people the marrier. More decentralized, yes. People like smaragda on the source code thread, perhaps? *blink blink*   (no pressure intended)  

Let's do it. I will contribute. It is nice to have a weekly newsletter which we can scale to something like Bitcoin magazine later.

Yup.

3 is a start. Anybody else? Come oooon, don't be shy.  

I'll set up a template. Let's discuss content in the forum.nxtcypto / nextcoin threads.

yep count me in...

Pin

count me in please

[BitAddict]

is it minus 95% or minus 5% from the dgex price?

minus 5%.

DGEX has consistently fallen and fallen just over 5% in last 24h - would you go to "minus 10%" which would give a price of 0.000039?

lol. seriously asking if he is offering 95% discount? 

[hypersire]

I don't know if you want to go by fixed price, I will go by 0.00003 paid in 4 business days or I can do 5% off DGEX market price at that point

For accountability reason, if anyone could match my offer, then you could take this too.

Let's do 95% of DGEX price.

Hi CFB, I'd like to buy 10k at 95% of DGEX right now if you are interested.

I purchased my first batch of NXT last night from DGEX and I am still waiting for it to be sent... I'm all up for a faster person to person transaction.

Just PM me if you're interested. Thanks!

[allwelder]

dgex is downtime?

[apenzl]

NXT NEWSLETTER

On the subject of info getting lost and most of us spending hours after hours on catching up on bitcointalk, nxtcoin.org, forum.nxtcrypto +

I have the time to tie a newsletter together a week - if somebody is willing to help me with info. I don't have the time anymore to trawl all the NXT-threads, but I can gather, sample and send the updates out, if I am feeded a resume from the different sources of information. 

NXTers on the mailing list will then get a chance to focus on their own battleground, while still getting the most important headlines from every other field of the NXT development (with links to the sources). Personally I like being up to date - also in the fields I am not capable of contributing to. And another plus: Important announcements for the community can easier reach everybody via a maillinglist.

We need at least one person from:
- Bitcointalk (main thread + various others) 
- Nextcoin forum 
- Forum.nxtcrypto 
to join this project and "feed" the newsletter resumes.
Info sent directly from developers or marketeers is of course also welcomed.

I don't have a thing (or NXT  ) to give you in return, but contributors will get their acc number on their contributions - and more importantly right now: Help to organize the NXT stream of info.

/apenzl

Brainstorm on topics…
- Clients
- Security / interface improvement
- Arbitrary message and mobile app
- Features / source code development
- Promotion and marketing
- Attacks
- Quote of the week
- Bounties (new and ended)
- NXT initiatives / new sites / games / scams and so on…
- Open discussions (voting system, unclaimed coins, exchanges and so on…)

What this newsletter comes down to is in essence just answering everybody: Where are we now?How can I help? ….. What is NXT?

PM me if you want to contribute.

I posted this on nextcoin and forum.nxtcrypto too.

https://forums.nxtcrypto.org/viewtopic.php?f=2&t=562
https://nextcoin.org/index.php/topic,2915.0.html

Please spread the word to other threads that you know of too, if you want this to happen.

Thanks!

Great. Love the speed of this thread.

Count me in! As you can see from my signature, I have compiled so many links for you

Thank you. Your compilation is a treause chest.

This is kind of scary, because I wanted to start a daily summary service for this thread on my blog at the Dutch nxtcoins.nl.
I'll probably still do that, as Dutch people need info, too, but it means I'm gathering topics anyway, so I'm available to help, too.

Great. Hopefully it will go both ways. 

Contributors this far:
fmiboy
utopianfuture
NxtChoice
pinarello
Damelon
allwelder

[Come-from-Beyond]

Just PM me if you're interested. Thanks!

No PMs. Post here ur Bitcoin address the coins will go from and ur Nxt account.

[salsacz]

Newsletter guys, you should discuss this in "Nxt marketing & promotion thread: http://bit.ly/1cTp0iw" now

Others can visit also new sections: Nxt full feature clients, Nxt web service providers, Nxt security and user interface, Nxt open source code flaw report

[Come-from-Beyond]

Owner of account 10707482695518048392, upgrade NRS to the newest version, plz.

[utopianfuture]

Newsletter guys, you should discuss this in "Nxt marketing & promotion thread: http://bit.ly/1cTp0iw" now

Others can visit also new sections: Nxt full feature clients, Nxt web service providers, Nxt security and user interface, Nxt open source code flaw report

@apenzl, here are some of my thought on the newsletter idea. crossed post in https://forums.nxtcrypto.org/viewtopic.php?f=18&t=331&p=2432#p2432

We could follow similar template as the peercoin's newsletter https://bitcointalk.org/index.php?topic=369239.0, but do it in a more decentralized fashion. That is having many writings by contributors in a magazine style.

The newsletter could be divided into different sections such as : full clients update, new projects, promotional events, merchant adoptions, interviews etc. and we could have each section covered by a contributor.

There should be some editors whose English are fluent because we want the newsletter looking good.

So the organization could be follow:

Editors: 1-3 people, tasked with proofreading submission, selection of submission, contacting with contributors to request contents
Contributors: 5-6 depending on the level of interest; tasked with writing what they follow and interest and what might be requested by editors.

Following this type organization, we can move from a simple newsletter to full-scale magazine easily when the time comes.

Finance: We should seek financial support from donors at the beginning. Eventually we could have funds from advertisement etc.
Contributors and editors are expected to do volunteer work in the beginning. Other compensations could be discussed later, but I think we need to emphasize on volunteer efforts here. You can't expect to earn anything much at this state or maybe even in the future. So volunteers are welcome, paid mercenary please go away.

Yep let's move to promotion thread.

[utopianfuture]

Could anyone tell me where I can report bugs to Luc ?

[kunibopl]

Are you kidding me? I guess you haven't been following NXT development at all, as many people are contributing their time and skills to make NXT better for everyone. Also, you're deluding yourself if you think the "core 20-30" of emunie are not acting out of self-interest (even a tiny bit).

...

eMunie has the features and the backing to be THE main contender to fiat currencies after it is launched. The eMunie team IS obviously motivated by self-interest, and financial rewards are part of that, but a large part of that self-interest is also the desire for satisfaction they'll get when emunie becomes a world wide phenomenon, and Fuserleer has been lauded as a genius, and all those who questioned his honesty hide their heads in shame. NXT does not have that X-factor. The BCNext disappearing act is enigmatic, but it doesn't inspire loyalty

look at this quote of Fuserleers ideological background:

Fuserleer on http://forum.emunie.com:

BitCoin is an oddity that much is for certain, genius in its innovation in a world where control and surveilence is rife, and it simply ignores those facts, or even requirements of today's world and goes about it's business anyway, that's odd by any measure.

The most odd thing about it all though, is Satoshi. No one knows anything about him, or heard from him in 2 years. He created a beast, something that has grown to be worth $1BILLION + in very little time, and abandoned it, never to be seen again..."I'm working on other things" were his last words...for the love of god WHY?!?

This oddity was the main reason I never really got into BitCoin, I didn't trust it, I didn't trust Satoshi whoever he is, and I always got the feeling that just around the corner, something was going to crash and it was all a long term prank of his, some renegade retribution towards the world that had done him wrong.

this quote says so much:
in Fuserleers world there's no understanding of Sathoshis motives and his desire for a more democratic way of payments or money in itself.
in Fuserleers world Satoshi did something wrong by letting the comunity continue the development after laying the basement.
I even doubt Fuserleer has a genuine interest in decentralization.
He calls Bitcoin Satoshis "business". That's really a wrong description, but you can bet he considers eMunie his "business".
He's not the kind of man, I would trust.

[abctc]

Could anyone tell me where I can report bugs to Luc ?

- here: https://bitbucket.org/JeanLucPicard/nxt-public/issues

[LiQio]

Well, if someone wants to buy 1 BTC worth NXT then post here Bitcoin address the payment will be made from and ur Nxt account.

I want to support the newly created exchange "CfB-Trade Ltd."
Will send 1 BTC from address
1GTn1DfLEaABrFCSejuosGgTAcxR9H7Svm

Please send the Nxts to address
17554870974799505420

Where to send the 1 bitcoin?

[Come-from-Beyond]

I will be sending from 12x9L6CxJNrXUGBQvFp9Z18cDvaThvU6Ry and I would like the NXT delivered to
784396807537989101.

Please tell me the final total for 10k NXT and where I should send the BTC to.

Thanks!

95% price = 0.043 mBTC for 1'000'000 NXT.
Send 0.43 BTC to 1LLe2He9k8r8WnAnuXJbAUedX8c2HCr8bQ to get 10'000 NXT.

[Come-from-Beyond]

Well, if someone wants to buy 1 BTC worth NXT then post here Bitcoin address the payment will be made from and ur Nxt account.

I want to support the newly created exchange "CfB-Trade Ltd."
Will send 1 BTC from address
1GTn1DfLEaABrFCSejuosGgTAcxR9H7Svm

Please send the Nxts to address
17554870974799505420

Where to send the 1 bitcoin?

Send 0.989 BTC to 1LLe2He9k8r8WnAnuXJbAUedX8c2HCr8bQ to get 23'000 NXT.

[jl777]

Are you kidding me? I guess you haven't been following NXT development at all, as many people are contributing their time and skills to make NXT better for everyone. Also, you're deluding yourself if you think the "core 20-30" of emunie are not acting out of self-interest (even a tiny bit).

You misunderstand my point. On the contrary, I have followed NXT very closely (every page on this thread, the other forums, the wiki etc etc) and I am very impressed with what the NXT community is doing. I own some NXT and have done very well!

The point I'm making is many here might be tempted to take the events of the last few days with Fuserleer postponing the IPO in response to the repeated FUD and personal attacks on his professional integrity as an indication that emunie is no longer a serious competitor to NXT. I am challenging this idea directly. Fuserleer is honest, and very skilled, and now he's even more determined than he was before to make emunie the best crypto financial system ever.

eMunie has the features and the backing to be THE main contender to fiat currencies after it is launched. The eMunie team IS obviously motivated by self-interest, and financial rewards are part of that, but a large part of that self-interest is also the desire for satisfaction they'll get when emunie becomes a world wide phenomenon, and Fuserleer has been lauded as a genius, and all those who questioned his honesty hide their heads in shame. NXT does not have that X-factor. The BCNext disappearing act is enigmatic, but it doesn't inspire loyalty

Let's say there is 10 million EMU at ten cents and an order for 1 million EMU in excess of supply appears. Then the network automatically creates 1 million more EMU to satisfy the order, 500,000 to existing holders and 500,000 to hatchers. This is what confuses me.
 
So we have a new buyer who wants to buy, but the new EMU is going to existing EMU holders and hatchers. Where does the new buyer get the 1 million EMU from?
 
Separately, we now have 11 million EMU (presumably), but the original EMU holders have 10.5 million, so their share went from 100% to 95.45%
Is the price charged to the purchaser increased by ~5% so that the value of the 10.5 million post purchase EMU is about the same as before the purchase?
 
How can all these mechanisms be stabilized? It would seem that under any sort of real world supply and demand scenario, the market value will oscillate and the reality is that the original EMU holders will continue to get a smaller and smaller share. In order to maintain their ownership percentage, they would need to continue purchasing EMU continuously. It almost seems designed to create an unsustainable price feedback loop.
 
Please explain mathematically how the adding of new EMU into the system doesn't dilute the prior EMU holder's value.

James

P.S. I don't expect you will answer this as there seems to be a pact of silence around this issue. I have asked this question in half a dozen emunie forums, without any responses.

[LiQio]

Well, if someone wants to buy 1 BTC worth NXT then post here Bitcoin address the payment will be made from and ur Nxt account.

I want to support the newly created exchange "CfB-Trade Ltd."
Will send 1 BTC from address
1GTn1DfLEaABrFCSejuosGgTAcxR9H7Svm

Please send the Nxts to address
17554870974799505420

Where to send the 1 bitcoin?

Send 0.989 BTC to 1LLe2He9k8r8WnAnuXJbAUedX8c2HCr8bQ to get 23'000 NXT.

Sent

[BitAddict]

Let's say there is 10 million EMU at ten cents and an order for 1 million EMU in excess of supply appears. Then the network automatically creates 1 million more EMU to satisfy the order, 500,000 to existing holders and 500,000 to hatchers. This is what confuses me.
 
So we have a new buyer who wants to buy, but the new EMU is going to existing EMU holders and hatchers. Where does the new buyer get the 1 million EMU from?
 
Separately, we now have 11 million EMU (presumably), but the original EMU holders have 10.5 million, so their share went from 100% to 95.45%
Is the price charged to the purchaser increased by ~5% so that the value of the 10.5 million post purchase EMU is about the same as before the purchase?
 
How can all these mechanisms be stabilized? It would seem that under any sort of real world supply and demand scenario, the market value will oscillate and the reality is that the original EMU holders will continue to get a smaller and smaller share. In order to maintain their ownership percentage, they would need to continue purchasing EMU continuously. It almost seems designed to create an unsustainable price feedback loop.
 
Please explain mathematically how the adding of new EMU into the system doesn't dilute the prior EMU holder's value.

James

P.S. I don't expect you will answer this as there seems to be a pact of silence around this issue. I have asked this question in half a dozen emunie forums, without any responses.

1. If you buy 1 million you get it from another user. Like it works in bitcoin and nxt.

2. In the moment you buy or exactly after you buy that 1 million, the system creates another 1 million (They don't tell exactly when). 0.5 for the users and 0.5 for hatchers. This money will be created by the hatchers and get distributed via mediators (looks kind of centralized but in emunie they don't speak about this...)

3. Yes, your shares goes down in percentage. In the long run you will have about ~50% of the initial percentage you owned in the start. So for taking profit is no that good for the investor, you get 50% profit when it works but, you take 100% loses if system goes down...

4. I think this system is stupid and broke. Because when price goes down EMU price will change (because they don't take EMU back), so it is completely useless.

5. Pump&Dump is great for hatchers they get 50% of the new rising market. Imagine going up from $10M to $50M... hatchers get $20M LOL  
So it will end like bitcoin, all the people will set up lot of hatchers there will be pools and it will be centralized (or maybe this won't be possible IDK), but for sure it will be a huge waste of power and hatching race.


Now can we focus in NxT?

[Passion_ltc]

Now can we focus in NxT?

+1