NXT :: descendant of Bitcoin - Updated Information

[Come-from-Beyond]

I think NXT market gains should be measured from the value of initial release (~$1 million), not the 21BTC as that is a token amount and does not represent real world development costs.

James

Good idea.

[vanea84]

Friends when you open your lies ?
Deviating from the direct questions, you only harm yourself, your project goes down

Price goes on the bottom of your lies

 

[Come-from-Beyond]

Price goes on the bottom

This is good.

[salsacz]

Friends when you open your lies ?
Deviating from the direct questions, you only harm yourself, your project goes down

Price goes on the bottom of your lies

 

good news. spamming again??

[sherpico77]

!!! http://www.cryptocoinsnews.com/2014/01/17/whats-nxt-world-cryptocurrencies/

Great!

Congrats 

[admiral.fu]

If that is ok, I will get XE5 next week. Getting VCL parts ported to FireMonkey as an exercise could be another thing I could focus on behind your shadow.

Sorry, I don't need your help currently.

You could however ask the NXT community if they see a need for some other kind of software.

Ok, I will give it a thought.

[salsacz]

I love copycats:
https://bitcointalk.org/index.php?topic=419372.0;all

I is fantastic advertisement when they really mention (= glorify) Nxt
It's like Bitcoin altcoins..

[vanea84]

Price goes on the bottom

This is good.

Mнe нpaвитьcя Baш oптимизм

[nexern]

ethereum has some interesting features. esp. the DACs getting my attention.
some questions for those with a fresher overview about this:

1. DACs are first defined by a company called invictus?
2. is there any real working DAC in any running system now?
3, if so, where and what kind of task?
4. would it make sense to create DACs for nxt?
5. if so, would this lead into real media attention or is this just buzz?

[msin]

@CFB.  I have a question regarding AM.  Can we make messages sent to any particular account public?  I was thinking we could use public messages as a feedback/trust system.  For example, if account "x" was selling something, I could go on blockchain explorer, lookup up that particular account, view public messages sent from previous users who had successfully purchased from account "x".  Thanks.

They r public by default.

Great, that's what I thought.  I'll see if nexern would be able to implement into Blockchain

Heard back from Nexern on including public messages (reputation system) with each account in BlockChain explorer as well as his new client.  He is going to include it.  We can now use public AM as a feedback/reputation system, since the transaction # will be associated with the message, you can check to make sure the transaction and feedback was legit and associated with a particular item for sale.  This will allow us to create simple listing markets (craigslist style), where most of the transaction can happen within the client from reputable sellers.

Still need some innovation but it's a step closer.

[admiral.fu]

I see. Maybe then this is something I could work on, as forging is the main problem I have with Java client - lots of invalid blocks generated. Someone suggested that the negative blocks in the GUI is a JS code issue
in the browser, but forging is definitely console process thing.
So if you'll find a way how we can collaborate I am on this. The reason I've been quite passive up to now is 45hour work week consulting, but I could spare 40 hours a month if now and then working on some individual bits and pieces.

If that is ok, I will get XE5 next week. Getting VCL parts ported to FireMonkey as an exercise could be another thing I could focus on behind your shadow.

Did you check the other client what your thoughts about that one?

https://bitcointalk.org/index.php?topic=414965.msg4504749#msg4504749

Pin

Somewhat less features, but looks good and promising. In terms of contributing on this one, the thing is I have no experience with .NET or C# (other than VC) so I cannot help much.
My obsession now is figuring why forging is so buggy and my tools are attaching to process with debugger without source. But I am getting there.

[Damelon]

Paralysed by the thought of having to read 1018 pages?

Generally scared of life now?

Fear not! Get your summary here!

 

[opticalcarrier]

I think NXT market gains should be measured from the value of initial release (~$1 million), not the 21BTC as that is a token amount and does not represent real world development costs.

James

Good idea.

but where did that value of initial release come from?

[salsacz]

Got my article published.  See latest news at http://www.cryptocoinsnews.com/

Coindesk claims they already have someone working on a NXT article and will reach out to me to use me for input.  Bitcoinmagazine was all hot and heavy for it at first but then backed out when their Sr staff got hold of it (they are all etherium and are hesitant to put forward any competing 2nd gen crypto when ethereum is thei baby)

Buterin is their member, maybe other 3 journalists from BTCMagazine could help, but Buterin is a majority player, as you can see here:
https://bitcointalk.org/index.php?topic=412243.msg4555447#msg4555447

[mcjavar]

I think NXT market gains should be measured from the value of initial release (~$1 million), not the 21BTC as that is a token amount and does not represent real world development costs.

James

Good idea.

"Do not pay much attention to the price of 1 NXT measured in fiat money." - BCNext

But the price of 1 Nxt measured in BTC is falling, although there were several good news in the last few days. I couldn't convince one of my friends whom funds I am managing to hold on his Nxts, so I bought his stake. I really hope it wasn't a bad decision of me.

[wakasaki808]

I think NXT market gains should be measured from the value of initial release (~$1 million), not the 21BTC as that is a token amount and does not represent real world development costs.

James

Good idea.

"Do not pay much attention to the price of 1 NXT measured in fiat money." - BCNext

But the price of 1 Nxt measured in BTC is falling, although there were several good news in the last few days. I couldn't convince one of my friends whom funds I am managing to hold on his Nxts, so I bought his stake. I really hope it wasn't a bad decision of me.

I think its also due to the fact that BTC has also been falling the past few days. If you look at coinmarketcap a majority of the coins(including NXT) have been on the same trend as BTC. I don't think it will change until we get like a USD/NXT exchange.  

The only coin's in the top 20 seeming to go against the trend is DOGE and MSC.

[jl777]

I think NXT market gains should be measured from the value of initial release (~$1 million), not the 21BTC as that is a token amount and does not represent real world development costs.

James

Good idea.

but where did that value of initial release come from?

I am estimating $1 million for a working NXT equivalent written from scratch. Try getting a quote for getting software developed. It is not cheap, we could use even higher amounts, but a round million dollars is easy to justify. Just calculate the man years of software this represents and cost per man year. Ignore time to market, etc.

BCNext gifted the 73 founders the development cost. What the founders paid is not relevant as the moment the software was released, they immediately made that gain.

For instance if someone sells you a lottery ticket worth $50,000 for $50, you made $49950 the moment you get the ticket. If after that, a market develops and people pay $500,000 for the lottery ticket, the $450,000 is the market gain.

I also think that it is important to track market value change as it relates to Alias feature deployment. There is a clear and significant jump in market value at this point.

James

P.S. The drop in price since source code release follows the standard pattern of buy the rumor, sell the news. This happens a lot and since a lot of people already knew the source code was already there through unobscured java, the news wasn't a big surprise to many investors.

[xibeijan]

I just remember how quark fell for about 6 months, until it surged to all-time highs and broke new records.  And Quark is crap compared to NXT, so there's no way I'm selling NXT.  Just buying more...

[salsacz]

Guys, do you remember this quote?

Now time for bad news.

BCNext is becoming more and more angry coz of stakeholders who don't help Nxt. They don't run their nodes, they don't support bounties, they don't take part in Nxt promotion. He can't force them to do all these things but he can quit this project and join other cryptocoin, no matter if it's called ClonedNxt, and contribute his ideas and code to a competitor of Nxt...


My personal opinion: This guy doesn't care about money nor how much 1 NXT will be worth, I'm 100% sure he will do what he said. I think that Nxt clone will have the same problems and decision to quit Nxt would be one of the worst decisions, but he has his own opinion.
Edit: If stakeholders don't change situation they should sell their coins before price drops below ZERO.

[jl777]

I think NXT market gains should be measured from the value of initial release (~$1 million), not the 21BTC as that is a token amount and does not represent real world development costs.

James

Good idea.

"Do not pay much attention to the price of 1 NXT measured in fiat money." - BCNext

But the price of 1 Nxt measured in BTC is falling, although there were several good news in the last few days. I couldn't convince one of my friends whom funds I am managing to hold on his Nxts, so I bought his stake. I really hope it wasn't a bad decision of me.

I think its also due to the fact that BTC has also been falling the past few days. If you look at coinmarketcap a majority of the coins(including NXT) have been on the same trend as BTC.

The only coin's in the top 20 seeming to buck the trend is DOGE and MSC.

CfB predicted all of this. There was great expectation of higher prices after source release, but when the whole exchange problem happened and the "buy the rumor, sell the news" pattern estabilished itself, several large NXT holders (mostly large scale early adopters from what I can tell) decided to take profits. With the NXT trading volumes down significantly, if just 4% of NXT is being sold off, it would depress prices for over a week.

James