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rickyjames
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January 23, 2014, 11:24:57 AM |
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You guys realize, that NXT hast about 80 times more coin supply than BTC and 40 times more than LTC ? If you say we can reach the market capitalization of LTC in this year, than yes! But if you say, we reach the price of 1 NXT = price of 1 LTC, than you are just delusional.
1 NXT = 23$
1000000000= 23,000,000,000 that is 2,x times the marketcapitalisation from BTC, the coin that has the biggest community and is here for 4 years already.
I actually think that having 80 times the coin supply of BTC is one of the reasons NXT will succeed. Bitcoin is effectively in competition with gold as a non-fiat store of value. The price of gold defines the upper limit of what Bitcoin can hit, and that's currently around $1200 per coin/ounce. Bitcoin won't go above that price because if people have $1200, they would rather trade it for a one ounce gold coin they can hold in their hand and not a computer file. ... sorry, but these are, well, rather crazy assumptions. in a transaction you transfer some value and if you do this by typing 0.0004 or by typing 40000 is the same. there might be a minor psychological effect, that a few people would prefer to buy 1 BTC worth 100$ rather than buy 0.1 BTC worth 100$. What's crazy are people thinking a computer file whose name has the phrase "coin" in it is worth roughly the same as a physical one ounce gold coin. Both are just symbols for a tradable item that only has the value people assign them. And psychologically people will always assign a gold "coin" to have more value than any "XYZ" crypto-coin. A gold coin will still be spendable in the apocalypse after the electricity goes off. Assigning a high value to gold is as old as human civilization - and a very crazy idea in itself. You dig it out of a one hole in the ground (a mine) only to put it right back into a second hole in the ground (a vault), only this hole has guys with guns around it and people who claim to "own" little parts of what's inside the second hole. |
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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Come-from-Beyond
Legendary
 Offline
Activity: 2142
Merit: 1009
Newbie
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January 23, 2014, 11:25:05 AM |
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CFB, could you please disclose measuring unit for "soon"? it can be approx. hours, days, weeks, months, years  I know that 3rd part will be published in April. 1st part was published on 9th of Dec. I think BCNext will publish the 2nd part somewhere in between, it doesn't make much sense to publish 2nd part after the 3rd one. At least for me, not sure about BCNext. |
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neer.g
Newbie
Offline
Activity: 48
Merit: 0
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January 23, 2014, 11:25:23 AM |
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So now we have 15 BTC to pay for this - anyone else want to chip in?
I thought we found someone... Count me in for another 5 - so we have 20 BTC... |
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Bitventurer
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January 23, 2014, 11:26:27 AM |
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Have new candidate for the encryption review: Julian Assange , the guy is a living legend and he is a cryptographer imagine he would be saing good stuff about nxt...
He IS NOT cryptographer. We need someone, who is known and possibly respectable in crypto world. (possibly someone who is known on IACR conferences: http://www.iacr.org/conferences/) Some folks suggested DJB or Wang Xiaoyun, but I doubt they'd do it for 10btc. Also doubt that Josef Pieprzyk would go for it? in this video he says that he is a cryptographer .. http://www.youtube.com/watch?v=GDLXPpooA18also check in how many crypto projects he s involved |
SP8DE - The Game of Chance. Changed.
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bitcoinpaul
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January 23, 2014, 11:26:46 AM |
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So now we have 15 BTC to pay for this - anyone else want to chip in?
I thought we found someone... Count me in for another 5 - so we have 20 BTC... |
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J.B.O
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January 23, 2014, 11:29:29 AM |
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Wow, agreed, really good looking !  |
⟳ CAPTcoin: The crypto-currency for everyone |
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martismartis
Legendary
Offline
Activity: 1162
Merit: 1005
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January 23, 2014, 11:29:42 AM |
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CFB, could you please disclose measuring unit for "soon"? it can be approx. hours, days, weeks, months, years I know that 3rd part will be published in April. 1st part was published on 9th of Dec. I think BCNext will publish the 2nd part somewhere in between, it doesn't make much sense to publish 2nd part after the 3rd one. At least for me, not sure about BCNext. Got it. hours, days<"soon"<years=months |
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Zahlen
Member
Offline
Activity: 98
Merit: 10
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January 23, 2014, 11:32:05 AM |
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Can somebody confirm that for vanity generators the position of digits is not important?
I.e. these two are equivalent in terms of computations required:
000----------000
---0-00-0-00----
It looks like we will have to scramble the order...
Also with the new address format, vanity generators will have to work with binary 5-bit symbols, not decimal digits.
If I understood you correctly: https://forums.nxtcrypto.org/viewtopic.php?f=17&t=524&p=3046#p3046 |
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l8orre
Legendary
Offline
Activity: 1181
Merit: 1018
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January 23, 2014, 11:32:53 AM |
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You guys realize, that NXT hast about 80 times more coin supply than BTC and 40 times more than LTC ? If you say we can reach the market capitalization of LTC in this year, than yes! But if you say, we reach the price of 1 NXT = price of 1 LTC, than you are just delusional.
1 NXT = 23$
1000000000= 23,000,000,000 that is 2,x times the marketcapitalisation from BTC, the coin that has the biggest community and is here for 4 years already.
I actually think that having 80 times the coin supply of BTC is one of the reasons NXT will succeed. Bitcoin is effectively in competition with gold as a non-fiat store of value. The price of gold defines the upper limit of what Bitcoin can hit, and that's currently around $1200 per coin/ounce. Bitcoin won't go above that price because if people have $1200, they would rather trade it for a one ounce gold coin they can hold in their hand and not a computer file. ... sorry, but these are, well, rather crazy assumptions. in a transaction you transfer some value and if you do this by typing 0.0004 or by typing 40000 is the same. there might be a minor psychological effect, that a few people would prefer to buy 1 BTC worth 100$ rather than buy 0.1 BTC worth 100$. yes, esp. considering that a transfer fee of 1NXT =1GoldOunce is rather .. unsound. Same holds for sending a short text msg - talk about golden words! Even a minimal fee of 0.01NXT would mean $12 fee at current gold price - So we need to get at least two orders lower with fees to make that feasible .. |
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bitcoinpaul
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January 23, 2014, 11:34:24 AM |
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yes, esp. considering that a transfer fee of 1NXT =1GoldOunce is rather .. unsound. Same holds for sending a short text msg - talk about golden words!
Even a minimal fee of 0.01NXT would mean $12 fee at current gold price - So we need to get at least two orders lower with fees to make that feasible ..
Jesus, not the fee talk again. |
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pandaisftw
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January 23, 2014, 11:38:43 AM |
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The volume on BTER is reeeaally low, strange
Fairly normal occurrence during consolidation. |
NXT: 13095091276527367030
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dzarmush
Legendary
Offline
Activity: 1806
Merit: 1001
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January 23, 2014, 11:41:35 AM |
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So now we have 15 BTC to pay for this - anyone else want to chip in?
I thought we found someone... Count me in for another 5 - so we have 20 BTC... Could someone contact those guys on this matter? |
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pinarello
Full Member
Offline
Activity: 266
Merit: 100
NXT is the future
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January 23, 2014, 11:42:24 AM |
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So now we have 15 BTC to pay for this - anyone else want to chip in?
I thought we found someone... Count me in for another 5 - so we have 20 BTC... who will take this up and look for someone, write, email, phone, visit... Anon?, Optical? is Wang Xiaoyun acceptable maybe some of our Chinese friends can ask ... give us some names so we can ask if they will do it and for how much. |
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allwelder
Legendary
Offline
Activity: 1512
Merit: 1004
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January 23, 2014, 11:50:04 AM |
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So now we have 15 BTC to pay for this - anyone else want to chip in?
I thought we found someone... Count me in for another 5 - so we have 20 BTC... who will take this up and look for someone, write, email, phone, visit... Anon?, Optical? is Wang Xiaoyun acceptable maybe some of our Chinese friends can ask ... give us some names so we can ask if they will do it and for how much. Yes,I will contact Wang xiaoyun for this special works. |
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gimre
Legendary
Offline
Activity: 866
Merit: 1002
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January 23, 2014, 11:51:05 AM |
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Is Snowden perhaps more "Crypto" than Wang Xiaoyun?
I can only hope that was a joke |
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pinarello
Full Member
Offline
Activity: 266
Merit: 100
NXT is the future
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January 23, 2014, 11:51:33 AM |
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So now we have 15 BTC to pay for this - anyone else want to chip in?
I thought we found someone... Count me in for another 5 - so we have 20 BTC... who will take this up and look for someone, write, email, phone, visit... Anon?, Optical? is Wang Xiaoyun acceptable maybe some of our Chinese friends can ask ... give us some names so we can ask if they will do it and for how much. Yes,I will contact Wang xiaoyun for this special works. Be polite it is a she  ask if not for 20 BTC how many she wants? Pin |
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allwelder
Legendary
Offline
Activity: 1512
Merit: 1004
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January 23, 2014, 11:57:33 AM |
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So now we have 15 BTC to pay for this - anyone else want to chip in?
I thought we found someone... Count me in for another 5 - so we have 20 BTC... who will take this up and look for someone, write, email, phone, visit... Anon?, Optical? is Wang Xiaoyun acceptable maybe some of our Chinese friends can ask ... give us some names so we can ask if they will do it and for how much. Yes,I will contact Wang xiaoyun for this special works. Be polite it is a she ask if not for 20 BTC how many she wants? Pin agree,I will have a try.She may be very busy. |
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dzarmush
Legendary
Offline
Activity: 1806
Merit: 1001
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January 23, 2014, 11:58:43 AM |
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Daniel J. Bernstein http://cr.yp.to/contact.html"You can send me email at djb@cr.yp.to; I might respond within a few months." |
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Come-from-Beyond
Legendary
Offline
Activity: 2142
Merit: 1009
Newbie
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January 23, 2014, 12:01:25 PM |
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This guy would be the best. |
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