NXT :: descendant of Bitcoin - Updated Information

[Anon136]

the fees really need to be lowered...

Why?

Because they are getting to high. I mean we all understand that fees are good. They give incentive for stake holders to forge. They keep the block size down so that people aren't storing more transactions than they need to on their computers for all of time. But we should really try to not put ourselves at a competitive disadvantage with bitcoin in this respect. I think the time is just about right to kick it back a single decimal place.

*edit* down to 0.1 nxt, not 0.01 nxt like some people are suggesting.

You should be able to run some stats on blockchain.info to check the average BTC transaction fee.  A while back, when I did this it was about $0.35 each, with a minimum of  $0.09.

0.0001 gets you included every time. less than that may as well be 0. so thats our target imo, somewhere around $0.09

[Forobitcoins]

cashing out at new high is unavoidable )

Agree. I'm going to sell a few nxts when we hit 1 NXT = 1 BTC.

I do not think it happens

if we meet NXT with Bitcoin

NXT 1,000,000,000
BTC 21,000,000

BTC/NXT = 0.021 at this time will be equal

[Come-from-Beyond]

why do you want to keep the price low? I'm not saying you are wrong or anything to want that. Just curious.

Lower price makes big stakeholders to sell more.

sorry to be a pain but could you elaborate on your thought process here.

For example:

I am going to sell 1M of my Nxts @0.00007 (I do not sell in small parts)
Any big invester interested can pm me to discuss it further!
The reason is to buy a new car
Good day.

In a week he will want to buy a new girl, then a yacht, an island...

It's better if he (and the others) sells at lower price, coz this will require to sell more nxts.

[mercenar1e]

damn Bter.com takes a long time to withdraw BTC... its been 30 minutes now and its still "processing"

[EmoneyRu]

I do not think it happens

if we meet NXT with Bitcoin

NXT 1,000,000,000
BTC 21,000,000

BTC/NXT = 0.021 at this time will be equal

Who cares about BTC?

[Come-from-Beyond]

I do not think it happens

I have exactly the opposite opinion.

[maco]

*** ANNOUNCEMENT - GOOGLE-PLAY NXT APP is available for DOWNLOAD ***
Developed by: me (http://www.CryptoAlliances.com)

Special Thanks to Klee, CFB, Hash, nifty, and Uniqueorn
We setup a community bounty but no one else contributed...

Did anyone see the new release of the NXT app?
I released it privately since it wasn't heavily funded and I did not reach the community bounty of my ask.
However, I rolled it out privately from those who did invest and now you can access through
Google Play found here => https://play.google.com/store/apps/details?id=com.nextcoin.nxt.app

I will try this again, if you want to support for these efforts simply send NXT: 17932213540910916819

At least now I know the community will back me up because you'll have access to all the important news daily to stay up to date on NXT.

[Forobitcoins]

I do not think it happens

if we meet NXT with Bitcoin

NXT 1,000,000,000
BTC 21,000,000

BTC/NXT = 0.021 at this time will be equal

Who cares about BTC?

btc is the reference, moment

[Anon136]

why do you want to keep the price low? I'm not saying you are wrong or anything to want that. Just curious.

Lower price makes big stakeholders to sell more.

sorry to be a pain but could you elaborate on your thought process here.

For example:

I am going to sell 1M of my Nxts @0.00007 (I do not sell in small parts)
Any big invester interested can pm me to discuss it further!
The reason is to buy a new car
Good day.

In a week he will want to buy a new girl, then a yacht, an island...

It's better if he (and the others) sells at lower price, coz this will require to sell more nxts.

Idk if this follows. Maybe it does, im really not sure. Sure they are selling less of their stake for more real world goods, but its the price rise that is motivating them to sell any of it. Do you think they would even be selling if the price was stagnating? Again im not really arguing, i really dont know. I just think that maybe they wouldn't be selling at all if the price wasn't rising.

We really need to start talking to some of these people. I know klee for example is sitting on 23million. Thats.... excessive.... I think maybe the community should be asking these people for a plan with some concrete steps that they can lay out for us. If this were bitcoin with proof of work than it wouldn't matter. I really dont have anything against people being exorbitantly wealthy. I think thats wonderful. But the security of the network relies on the stake being sufficiently decentralized. Without sufficient decentralization no ones nxt is worth anything.

[Forobitcoins]

I do not think it happens

I have exactly the opposite opinion.

I hope you're right  

[bitcoinpaul]

*** ANNOUNCEMENT - GOOGLE-PLAY NXT APP is available for DOWNLOAD ***
Developed by: me (http://www.CryptoAlliances.com)

Special Thanks to Klee, CFB, Hash, nifty, and Uniqueorn
We setup a community bounty but no one else contributed...

Did anyone see the new release of the NXT app?
I released it privately since it wasn't heavily funded and I did not reach the community bounty of my ask.
However, I rolled it out privately from those who did invest and now you can access through
Google Play found here => https://play.google.com/store/apps/details?id=com.nextcoin.nxt.app

I will try this again, if you want to support for these efforts simply send NXT: 17932213540910916819

At least now I know the community will back me up because you'll have access to all the important news daily to stay up to date on NXT.

Please comment on this:

https://bitcointalk.org/index.php?topic=345619.msg4425492#msg4425492

And tell me what "However, I rolled it out privately" means.

[marcoslopez]

cashing out at new high is unavoidable )

Agree. I'm going to sell a few nxts when we hit 1 NXT = 1 BTC.

http://media.giphy.com/media/H6CW8SL6vgVb2/giphy.gif

[Anon136]

Because they are getting to high? I mean we all understand that fees are good. They give incentive for stake holders to forge. They keep the block size down so that people aren't storing more transactions than they need to on their computers for all of time. But we should really try to not make it significantly more expensive to transact with nxt than bitcoin. I think the time is just about right to kick it back a single decimal place.

Well, in this case u should bribe Jean-Luc. I prefer to have 1 NXT fee coz it doesn't let the price to rise too high.

Edit: Another option is wait for VS, AE and AC to be implemented. Then I'm going to set lower fee.

Bitcon fee is about 9 cents. They have POW overhead to pay for. Nxt fee is 10 - 15 cents. We have almost no overhead. I realize there are major benefits to Nxt that easily justifies the extra cost of making an Nxt transfer over making a BTC transfer. I also realize there needs to be enough of a fee to protect against spamming the network and such. What is the best balance? It's time to take this into consideration instead of being an arbitrary amount. One of the best things in crypto is supposed to be negligible cost to transfer any amount of money. Also take the micro-payment market into consideration (user made content tips, etc). This doesn't work if fee is too high. There are considerations to make other than "its good be cause it keeps price from getting to high". (whatever that's supposed to mean.) Give it some thought.

thoughtful input

[coolfish]

why do you want to keep the price low? I'm not saying you are wrong or anything to want that. Just curious.

Lower price makes big stakeholders to sell more.

sorry to be a pain but could you elaborate on your thought process here.

Maybe it should be acquired to stakeholders,  buy back a portion of the NXT, used to Technology Development Award.

Let the market return to freedom?

Otherwise, this may cause the market intervention, and stakeholders can exchange to hold more through market

[l8orre]

Ok. Let me check my schedule...

20th - Implement mining in Lakshmi
21st - Test JS-implementations of NRS crypto algo, deploy NRS with Asset Exchange to the testnet
22nd - Resolve some issues assigned to me in Jira
23rd - Implement transaction handling in Lakshmi
24th - Review Account Control code
25th - Fix bugs in Account Control code
26th - Day-off

Well, I could do VS review on 26th, then bug fixes and testing...
Reply



C-f-B: would you let me know when you start testing the asset exchange functionality?

I'd like to participate. I have my API implementation ( and can quickly adapt it), and also I have a background in algotrading with futures on the cme.

I believe I could contribute. cheers -l8orre  

[landomata]

Why is not anyone creating localnxtcoin.com or localnxt.com?
Domain name is not even being squatted?

This can be our first worldwide nxt/fiat gateway.
Just like https://localbitcoins.com/
It should be easy to implement with automated escrow service. And an internal rating system.
If you can create an EXCHANGE, i'm pretty sure you can handle "localnxt".

Dev should set a nice bounty for this.
Agreed?

it can work

[landomata]

Ok. Let me check my schedule...

20th - Implement mining in Lakshmi
21st - Test JS-implementations of NRS crypto algo, deploy NRS with Asset Exchange to the testnet
22nd - Resolve some issues assigned to me in Jira
23rd - Implement transaction handling in Lakshmi
24th - Review Account Control code
25th - Fix bugs in Account Control code
26th - Day-off

Well, I could do VS review on 26th, then bug fixes and testing...
Reply



C-f-B: would you let me know when you start testing the asset exchange functionality?

I'd like to participate. I have my API implementation ( and can quickly adapt it), and also I have a background in algotrading with futures on the cme.

I believe I could contribute. cheers -l8orre  

Genius   

[gimre]

Lol, someone on dgex made sell offer of 0.23 (for 0.000104) nxt and this way seems dgex is locked, and buyers cannot make orders >= 0.000104

[Come-from-Beyond]

Without sufficient decentralization no ones nxt is worth anything.

One day you will see why the price of 1 XNT does not matter at all.

[rriky92]

No one is interested in an iPhone app for NXT?