NXT :: descendant of Bitcoin - Updated Information

[FrictionlessCoin]

...Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?

jeez man, what youve just posted is EXACTLY what we've been shouting for months.  The difference is that your ASICs depreciate, consume lots of power, and require maintenance

That's right.   With Bitcoin early miners have their ASIC equipment depreciate.  Furthermore,  to keep up with the mining they have to consume power, do maintenance and acquire new rigs.

With 100% proof of stake,  the big holders just sits there forging coin without any real costs.

He does not do any mainetance,  he is not required to add new investments,  he just sits on his hoard and acquires new coins.

Did I miss something here?  

[opticalcarrier]

Bump..

im in for vegas.  can i get 2 volunteers to go with me?

[FrictionlessCoin]

An account with 2 million NXT generated 28 NXT... the 50 million NXT guy generated almost 100k NXT lol

The concept is pretty flawed. Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?

I think the idea in general was pretty good... but as we can now see it´s only useful for the lucky few
who own several million Nxt.

More specifically, the 9 people who own 50 million Nxt each.   

What 9 people?  Can you please show me their accounts #'s?

The 9 folks who paid 1 BTC each.  Go back to early threads, you'll find it.

[Come-from-Beyond]

An account with 2 million NXT generated 28 NXT... the 50 million NXT guy generated almost 100k NXT lol

The concept is pretty flawed. Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?

6483973064837388393 with 1,466,323 NXT earned 163,288 NXT fees. Care to use ur brain to find an explanation?

[Damelon]

...Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?

jeez man, what youve just posted is EXACTLY what we've been shouting for months.  The difference is that your ASICs depreciate, consume lots of power, and require maintenance

That's right.   With Bitcoin early miners have their ASIC equipment depreciate.  Furthermore,  to keep up with the mining they have to consume power, do maintenance and acquire new rigs.

With 100% proof of stake,  the big holders just sits there forging coin without any real costs.

He does not do any mainetance,  he is not required to add new investments,  he just sits on his hoard and acquires new coins.

Did I miss something here?  

See selective quoting in action

[opticalcarrier]

...Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?

jeez man, what youve just posted is EXACTLY what we've been shouting for months.  The difference is that your ASICs depreciate, consume lots of power, and require maintenance

That's right.   With Bitcoin early miners have their ASIC equipment depreciate.  Furthermore,  to keep up with the mining they have to consume power, do maintenance and acquire new rigs.

With 100% proof of stake,  the big holders just sits there forging coin without any real costs.

He does not do any mainetance,  he is not required to add new investments,  he just sits on his hoard and acquires new coins.

Did I miss something here?  

much easier than bitcoin mining, right?  and imagine how dirty filthy stinking RICH these people are going to be when transparent mining REALLY kicks in to allow 1000s of transactions per second, and NXT spreads wide...

just imagine.

or heres a thought:  instead of just imagining, you can risk your $ like everyone else here has and get your own hoard.

[Damelon]

FrictionlessCoin already holds Nxt.

[nexern]

Who is the owner of the blockexplorer?

The "statistics" page shows a chart of the daily fees. I would like to see this data, but there was a day with 500.000 NXT fee that just fucks up the whole data. Would it be possible to make a log chart?

http://87.230.14.1/nxt/nxt.cgi?action=40&sub=4

just catching up and have seen your post.
yes, this was the plan besides some other improvements (charts/market/api/mining calculator etc.) but i stopped this due to current dev.
there should some time left until 1 march, so community can decide what improvements are needed (for both, explorer and apphub).
adding additonal features to the explorer is very easy in general, because all data is already there, even quotes and basic charting.

[BitcoinForumator]

FrictionlessCoin, what's happening with your Colored Coins & Ixcoin project?

You promised a lot...

[FrictionlessCoin]

much easier than bitcoin mining, right?  and imagine how dirty filthy stinking RICH these people are going to be when transparent mining REALLY kicks in to allow 1000s of transactions per second, and NXT spreads wide...

just imagine.

or heres a thought:  instead of just imagining, you can risk your $ like everyone else here has and get your own hoard.

Why would I do that when I can make my own coin?

Isn't that the same thing you're doing?

[starik69]

Did I miss something here?  

Why you stopped fair distribution of NEX?

[Damelon]

much easier than bitcoin mining, right?  and imagine how dirty filthy stinking RICH these people are going to be when transparent mining REALLY kicks in to allow 1000s of transactions per second, and NXT spreads wide...

just imagine.

or heres a thought:  instead of just imagining, you can risk your $ like everyone else here has and get your own hoard.

Why would I do that when I can make my own coin?

Isn't that the same thing you're doing?

Suggestive questioning. The question implies the answer. Are you holding a list with all tricks of the spin doctor trade and just trying them all out?  

[FrictionlessCoin]

Did I miss something here?  

Why you stopped fair distribution of NEX?

Some Nxt folks lobbied to lock that fair distribution thread.

They didn't want a clone that was fairly distributed.

But you can still reserve some NEX, that reservation thread is still open.

[Damelon]

Did I miss something here?  

Why you stopped fair distribution of NEX?

Some Nxt folks lobbied to lock that fair distribution thread.

They didn't want a clone that was fairly distributed.

But you can still reserve some NEX, that thread is still open.

I think we adequately proved that your definition of "fair" changed every day and to suit your mood.

Also

Some Nxt folks lobbied

Tinfoil hat much?
Quit the victim routine.

[Noitev]

I'm tired of people making these dumb assumptions that proof of stake forging makes the rich richer, leading to some sort of financial crisis when they have all the nxt. this is only true if they hoard them forever and never trade them... also, the only reason someone has >10k in transaction fees is because of the alias landslide... im sure the fees each day is pretty insignificant right now.

[marcus03]

Bump..

im in for vegas.  can i get 2 volunteers to go with me?

If community pays my flight ticket from Germany, I'm in... ;-) Just kidding...

[FrictionlessCoin]

Some Nxt folks lobbied

Tinfoil hat much?
Quit the victim routine.

Let me guess,  you and your kind are responsible for lobbying for the thread to be locked.

You folks really don't know how to play fair.

Just read the earlier thread about 'copyrighting' the source code.   Sheesh!  

[opticalcarrier]

I'm tired of people making these dumb assumptions that proof of stake forging makes the rich richer, leading to some sort of financial crisis when they have all the nxt. this is only true if they hoard them forever and never trade them... also, the only reason someone has >10k in transaction fees is because of the alias landslide... im sure the fees each day is pretty insignificant right now.

plus, those 9 50M accounts he keeps spouting about have distributed out pretty good for only 2 months.  and there are 2 NEW whales that can be discounted as they are exchanges.

[Emule]

Bump..

Conference fund for year 2014:

Looking for 210.000 Nxt + 20.000 Nxt for each booth

More Nxt = more materials for booths

NxtMarketing acc:
2037401990853753795

All payments and donations are transparent (we accept anonymous donators too):
https://docs.google.com/spreadsheet/ccc?key=0AgAGADgnQcrtdHRrV3V3Z1lzOXVEMWtqdElUaEtqV1E#gid=15

Miami:
   - Spent $ 800 and ticket for Nifty, supported by Nifty + Justa (maybe we should pay Nifty at least 10.000 nxt)

Berlin
tickets:
5x 100 Euro
McJavar - funded 15,304 NXT (http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=11433600460445633305)
- l8orre - local (= ticket only)
- admiral.fu ("My main interest to be there is BTC"), 1) designing/printing 10 T-shirts for me and other nexters
- Bitventurer - ??
- Salsacz (?) - from South Bohemia
- narknark (?) - from Hamburg

= 5x (3000 Nxt) + 2-4x travel+hotel (1-4000 Nxt) = 15.000 + 8-16.000 = 25-35.000 Nxt

Texas:
Tickets:
3x $275 (maybe a discount for speaker) =  $800 = 15.000 NXT
 rickyjames (SPEAKER?) - $614.92 for hotel etc = 12.000 Nxt
- Asian Prepper - hotel or locals?
- Leon Fu - hotel or locals?

Current cost: 27.000 NXT

New York (April 7/8)
- jefdiesel
Networking Pass = $10

Total cost 5.000 nxt

Toronto (April 11/13)
- Joefox
Total cost - 20.000 nxt

Amsterdam (May)
- cryptocoinNL
- Damelon
- Cryptomenn
- Edward Snowden (?)
- EvilDave
- titan20
- Bitventurer
- salsacz (??)
Total cost: 20-40.000 nxt

Washington (June 20/22)
tickets: till June 10th $300
Total cost: 0 nxt

Hong Kong (June 24/25)
- Allwelder
Total cost: 10.000 NXT

Melbourne (July 10/11)
Total cost: 10.000 NXT

London (September 10)
Total cost: 10-20.000 Nxt

Shanghai (September)
Total cost: 10.000 NXT

Las Vegas (October 6/7)
Total cost: 10-20.000 NXT

***

Brochures:
5.000 Nxt+

Business Cards:
5.000 Nxt+

T-shirts:
5.000-10.000 nxt

Other items, graphics:
20.0000 Nxt

Conference fund for 2014:
= 210.000 Nxt, 250.000 would be better

If we have a booth:
+ 20.000 for each booth

NxtMarketing acc:
2037401990853753795

Oh nice city trips here, can you add me, 8 or 9 what is the difference? So there goes me money!

Oh and 10 t-shirts would be just great.

[Bitventurer]

Bump..

Conference fund for year 2014:

hey, add me to Berlinconf too, "from Hamburg"