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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2755920 times)
farl4web
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February 07, 2014, 08:34:09 AM
Last edit: February 07, 2014, 08:50:31 AM by farl4web
 #30661

Tonight I was thinking again about the fees. We should not change the fees already, it's not wise.

In this early fase of Nxt I hear nobody complaining about the high fees, mostly because not a lot of payments are done.

But I DO hear a lot of complaining about the joke of forging. In the early fase of a cryptocoin, the miners/investors are the most important people, they make a coins succesfull (look at Dogecoin). To get a lot of attention, we need to attract the miners and investors first!

Later when it gets more populair you can lower the fees!
Bump
you have the casuality in reverse: few payments are done BECAUSE the fees are high.
Really? The 1 fee, doesn't bother me at all. And there are very limited places where you can pay with NXT at this moment.

I'm forging for 1,5 month 24/7 with a nice account, but when the fees drop, I think I will stop with an unlocked account. It isn't worth it anymore.  Sad

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February 07, 2014, 08:39:58 AM
 #30662

Tonight I was thinking again about the fees. We should not change the fees already, it's not wise.

In this early fase of Nxt I hear nobody complaining about the high fees, mostly because not a lot of payments are done.

But I DO hear a lot of complaining about the joke of forging. In the early fase of a cryptocoin, the miners/investors are the most important people, they make a coins succesfull (look at Dogecoin). To get a lot of attention, we need to attract the miners and investors first!

Later when it gets more populair you can lower the fees!
Bump
you have the casuality in reverse: few payments are done BECAUSE the fees are high.
Really? The 1 fee, doesn't bother me at all. And there are very limited places where you can buy with NXT at this moment.

I'm forging for 1,5 month 24/7 with a nice account, but when the fees drop, I think I will stop with an unlocked account. It isn't worth it anymore.  Sad
Nxt is completely unusable for micropayments and tips. The fees are so high that using a forging pool right now doesn't make sense if you don't have at least 100k NXT.  
It's a very serious design error, but the only sensible way forward is to have big and medium holders who forge not because it's profitable, but because it indirectly gives value to their holdings. Maybe someday the transaction volume will rise so much that it's going to become profitable again. 

Just look around. Nobody uses NXT. So much wasted potential.

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February 07, 2014, 08:40:21 AM
 #30663

Maxcoin killed all the coins  Tongue

NXT - NEM - NAS - NFD
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February 07, 2014, 08:43:47 AM
 #30664

Tonight I was thinking again about the fees. We should not change the fees already, it's not wise.

In this early fase of Nxt I hear nobody complaining about the high fees, mostly because not a lot of payments are done.

But I DO hear a lot of complaining about the joke of forging. In the early fase of a cryptocoin, the miners/investors are the most important people, they make a coins succesfull (look at Dogecoin). To get a lot of attention, we need to attract the miners and investors first!

Later when it gets more populair you can lower the fees!
Bump
you have the casuality in reverse: few payments are done BECAUSE the fees are high.
Really? The 1 fee, doesn't bother me at all. And there are very limited places where you can buy with NXT at this moment.

I'm forging for 1,5 month 24/7 with a nice account, but when the fees drop, I think I will stop with an unlocked account. It isn't worth it anymore.  Sad
Nxt is completely unusable for micropayments and tips. The fees are so high that using a forging pool right now doesn't make sense if you don't have at least 100k NXT. 
It's a very serious design error, but the only sensible way forward is to have big and medium holders who forge not because it's profitable, but because it indirectly gives value to their holdings. Maybe someday the transaction volume will rise so much that it's going to become profitable again. 

Just look around. Nobody uses NXT. So much wasted potential.

Where can you spend NXT today, except exchange? Post any place accepting NXT.
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February 07, 2014, 08:45:17 AM
 #30665


Where can you spend NXT today, except exchange? Post any place accepting NXT.


https://www.solarcom.ch/en/

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February 07, 2014, 08:45:59 AM
 #30666

Where can you spend NXT today, except exchange? Post any place accepting NXT.
That's the point. Although it's not as bad as zero.  

Now imagine NXT fees are zero!
A fast way to "1000 TPS"

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February 07, 2014, 08:48:18 AM
 #30667

The reason why there are so little NXT transactions are because they are way to expensive. If i want to send the lowest amount possible to a friend, so he can send it back and test his setup, it costs mit 2 NXT total. (send 3 to him, 2 come to him and he sends the 2 back) That are 12-15 cents.

Our network wants to tell everyone that we can handle big traffic with little cost, but the way i see it, with the fee staying that high, not many transactions will occur.

Or look at faucets. Many people want to enter a currency for free at start to test it out. Now we can get 3 NXT from a faucet. that is 1 transaction .... Rly??
I think currencies like Doge are so successful because the fee is ridiculous low, its 0.01 Doge, that is like a 10.000th of NXT..

I predict a more than 10 fold in transactions if the fee drops to 0.1 NXT and the fractional NXTs get enabled.  Also even if it does not increase by tenfold, then then widespread of the currency makes up for it.

FEE 0.1!!!!  NAOWW

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February 07, 2014, 08:50:20 AM
 #30668

with 0.7.0e
Code:
[2014-02-07 12:57:56.176] DEBUG: Database cache size set to 126720 kB
[2014-02-07 12:57:58.927] Database is at level 6
[2014-02-07 12:57:58.928] Updated database is at level 6
[2014-02-07 12:57:59.077] Scanning blockchain...
stick the above for a moment ,then the cmd window disappear.
any suggestion?
TKS.


me too...!
may be we should back to 0.6.1
farl4web
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February 07, 2014, 08:53:15 AM
 #30669

Tonight I was thinking again about the fees. We should not change the fees already, it's not wise.

In this early fase of Nxt I hear nobody complaining about the high fees, mostly because not a lot of payments are done.

But I DO hear a lot of complaining about the joke of forging. In the early fase of a cryptocoin, the miners/investors are the most important people, they make a coins succesfull (look at Dogecoin). To get a lot of attention, we need to attract the miners and investors first!

Later when it gets more populair you can lower the fees!
Bump
you have the casuality in reverse: few payments are done BECAUSE the fees are high.
Really? The 1 fee, doesn't bother me at all. And there are very limited places where you can buy with NXT at this moment.

I'm forging for 1,5 month 24/7 with a nice account, but when the fees drop, I think I will stop with an unlocked account. It isn't worth it anymore.  Sad
Nxt is completely unusable for micropayments and tips. The fees are so high that using a forging pool right now doesn't make sense if you don't have at least 100k NXT. 
It's a very serious design error, but the only sensible way forward is to have big and medium holders who forge not because it's profitable, but because it indirectly gives value to their holdings. Maybe someday the transaction volume will rise so much that it's going to become profitable again. 

Just look around. Nobody uses NXT. So much wasted potential.

Where can you spend NXT today, except exchange? Post any place accepting NXT.
http://nxtbay.com

Follow the latest blockchain news: https://twitter.com/blockchainguide
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February 07, 2014, 09:01:52 AM
 #30670

what happens with https://nextcoin.org/?

I was trying several hours ago and does not work  Sad
farl4web
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February 07, 2014, 09:03:51 AM
 #30671

what happens with https://nextcoin.org/?

I was trying several hours ago and does not work  Sad
Same problem here…I keep reloading, but nothing happens.  Tongue

Follow the latest blockchain news: https://twitter.com/blockchainguide
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February 07, 2014, 09:04:54 AM
 #30672

Tonight I was thinking again about the fees. We should not change the fees already, it's not wise.

In this early fase of Nxt I hear nobody complaining about the high fees, mostly because not a lot of payments are done.

But I DO hear a lot of complaining about the joke of forging. In the early fase of a cryptocoin, the miners/investors are the most important people, they make a coins succesfull (look at Dogecoin). To get a lot of attention, we need to attract the miners and investors first!

Later when it gets more populair you can lower the fees!
Bump

I change my vote to keep it at 1NXT.

+1000000

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        Make International Calls
      Cheap and More Secure
TwinWinNerD
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February 07, 2014, 09:09:56 AM
 #30673

Tonight I was thinking again about the fees. We should not change the fees already, it's not wise.

In this early fase of Nxt I hear nobody complaining about the high fees, mostly because not a lot of payments are done.

But I DO hear a lot of complaining about the joke of forging. In the early fase of a cryptocoin, the miners/investors are the most important people, they make a coins succesfull (look at Dogecoin). To get a lot of attention, we need to attract the miners and investors first!

Later when it gets more populair you can lower the fees!
Bump

I change my vote to keep it at 1NXT.

+1000000

So basically your arguments are:
- Not enough NXT to be forged because the fee is to low?
- NXT forging is assumed to be a joke because of low NXT per block?

How about increasing the NXT transactions and as an effect also increasing the people using it? Well, that won't happen with such a ludacrist fee...

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February 07, 2014, 09:13:05 AM
 #30674

Chocholates are ready! Enjoy. Let me know if I can do something more.



Oh....my.....god  Roll Eyes

Why the dark 80's theme? Where did the light/eco-friendly/speed go in this design?
Really, you need unity in the theme.

this is NOT an official logo, but a personally paid work for c-f-b

Phew! Must have overlooked that part in this tiny thread  Wink

NXT: Next Generation of Cryptocurrency http://nxtcrypto.org
NEM:New Economy Movement http://www.ournem.com/
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February 07, 2014, 09:15:00 AM
 #30675

For success, 2 things are needed the most.

(1) Very good native client (a few of them coming soon)
(2) The native client should be able to sign the transactions and broadcast it to a public node.  That way people don't have to install java and and run complex Nxt server

These two things should be top priority.


NXT-GZYP-FMRT-FQ9K-3YQGS
https://nxtforum.org
wesleyh
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February 07, 2014, 09:17:20 AM
 #30676

Is this normal when updating to 0.6.1 (after removing transactions.nxt and blocks.nxt)

Quote
[2014-02-07 10:06:38.388] Loading transactions...
[2014-02-07 10:06:38.388] transactions.nxt not found, starting from scratch
[2014-02-07 10:06:38.430] Loading blocks...
[2014-02-07 10:06:38.430] blocks.nxt not found, starting from scratch
[2014-02-07 10:06:38.438] Scanning blockchain...
[2014-02-07 10:06:38.450] ...Done
[2014-02-07 10:06:38.452] NRS 0.6.1 started successfully.
[2014-02-07 10:09:24.970] Checksum passed at block 30000
[2014-02-07 10:12:10.099] DEBUG: Reversal of alias assignment not supported
[2014-02-07 10:12:10.099] DEBUG: Popping off last block not possible, will do a rescan
[2014-02-07 10:12:20.697] Re-scanning blockchain...
[2014-02-07 10:12:30.792] ...Done
[2014-02-07 10:12:51.160] DEBUG: Reversal of alias assignment not supported
[2014-02-07 10:12:51.160] DEBUG: Popping off last block not possible, will do a rescan
[2014-02-07 10:13:01.310] Re-scanning blockchain...
[2014-02-07 10:13:11.592] ...Done
[2014-02-07 10:13:30.650] DEBUG: Reversal of alias assignment not supported
[2014-02-07 10:13:30.650] DEBUG: Popping off last block not possible, will do a rescan
[2014-02-07 10:13:40.730] Re-scanning blockchain...
[2014-02-07 10:13:51.407] ...Done
[2014-02-07 10:14:09.210] DEBUG: Reversal of alias assignment not supported
[2014-02-07 10:14:09.210] DEBUG: Popping off last block not possible, will do a rescan
[2014-02-07 10:14:19.287] Re-scanning blockchain...
[2014-02-07 10:14:29.780] ...Done
[2014-02-07 10:14:51.455] DEBUG: Reversal of alias assignment not supported
[2014-02-07 10:14:51.455] DEBUG: Popping off last block not possible, will do a rescan
[2014-02-07 10:15:01.591] Re-scanning blockchain...
[2014-02-07 10:15:12.375] ...Done
[2014-02-07 10:15:33.932] DEBUG: Reversal of alias assignment not supported
[2014-02-07 10:15:33.932] DEBUG: Popping off last block not possible, will do a rescan
[2014-02-07 10:15:43.884] Re-scanning blockchain...
[2014-02-07 10:15:54.598] ...Done
[2014-02-07 10:16:16.248] DEBUG: Reversal of alias assignment not supported
[2014-02-07 10:16:16.248] DEBUG: Popping off last block not possible, will do a rescan
[2014-02-07 10:16:26.304] Re-scanning blockchain...
[2014-02-07 10:16:36.913] ...Done
[2014-02-07 10:16:58.546] DEBUG: Reversal of alias assignment not supported
[2014-02-07 10:16:58.546] DEBUG: Popping off last block not possible, will do a rescan
[2014-02-07 10:17:08.680] Re-scanning blockchain...
[2014-02-07 10:17:20.000] ...Done
[2014-02-07 10:17:40.241] DEBUG: Reversal of alias assignment not supported
[2014-02-07 10:17:40.241] DEBUG: Popping off last block not possible, will do a rescan
[2014-02-07 10:17:50.432] Re-scanning blockchain...
[2014-02-07 10:18:01.070] ...Done
[2014-02-07 10:18:21.604] DEBUG: Reversal of alias assignment not supported
[2014-02-07 10:18:21.605] DEBUG: Popping off last block not possible, will do a rescan
[2014-02-07 10:18:31.810] Re-scanning blockchain...
[2014-02-07 10:18:42.677] ...Done

It's in a never-ending loop....
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February 07, 2014, 09:17:49 AM
 #30677

Maxcoin killed all the coins  Tongue

https://bitcointalk.org/index.php?topic=438150.0

Maxcoin might well kill Max Keiser if the amount of butthurt on the above thread is anything to go by.
Go read it, then come back here and appreciate how bloody good NXT is.

Heres my little pep-talk for today:

  Bitcoin is in free-fall and under pressure from government and law, not to mention MtGOX....

  The entire crypto market is collapsing, following Bitcoins lead.

  Maxcoin was going to rule the world, that seems to be postponed for a while.

  2nd generation cryptos.......does anyone see a functioning 2nd gen crypto apart from NXT ?

NXT is in a very good position right now. It isn't tied to BTC in any real way, the basic features work well, and the advanced stuff is coming along, though maybe more slowly than some of us expected. NRS clients are stable, no nasty hacks for a while...

Right now, we should be thinking  "marketing opportunity" , not "OMG, the sky is falling".
I'm going to be throwing some more fiat/BTC into NXT today and I suggest that everyone else follows my lead.

If we can hold, keep calm & carry on, keep NXT on the level while the market is collapsing around it, the potential is huge.
This could be a game-changing moment for crypto, there are a lot of people right now out there in crypto land looking for a safe place to put their investment. It would be very good for NXT if we could make NXT that safe place.

So, can I humbly suggest that we:

Hold. Do not sell, where are u gonna go, into BTC?

Buy. Get rid of that BTC, or just keep the fiat value up by moving into NXT.

Promote. Get the huddled masses running to NXT as shelter from the BTC storm.

Help any newbies u meet.....

Last thought here: If we can get NXT in the green on coinmarketcap, while the rest of the crypto world is deep red, everyone is going to want some, no matter how complicated the client is or whether we can forge on RspPi or not..... so pump, don't dump.

I'm off to throw some BTC at DGEX, come and join in...
 

 Edit:
We have a voting site up, btw, check my poll results:
http://nxtvote.com/view.php?vote=10667094504543355029

Nulli Dei, nulli Reges, solum NXT
Love your money: www.nxt.org  www.ardorplatform.org
www.nxter.org  www.nxtfoundation.org
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February 07, 2014, 09:24:22 AM
 #30678



OMG we are doomed...



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February 07, 2014, 09:24:30 AM
 #30679

Maxcoin killed all the coins  Tongue

https://bitcointalk.org/index.php?topic=438150.0

Maxcoin might well kill Max Keiser if the amount of butthurt on the above thread is anything to go by.
Go read it, then come back here and appreciate how bloody good NXT is.

Heres my little pep-talk for today:

  Bitcoin is in free-fall and under pressure from government and law, not to mention MtGOX....

  The entire crypto market is collapsing, following Bitcoins lead.

  Maxcoin was going to rule the world, that seems to be postponed for a while.

  2nd generation cryptos.......does anyone see a functioning 2nd gen crypto apart from NXT ?

NXT is in a very good postion right now. It isn't tied to BTC in any real way, the basic features work well, and the advanced stuff is coming along, though maybe more slowly than some of us expected. NRS clients are stable, no nasty hacks for a while...

Right now, we should be thinking  "marketing opportunity" , not "OMG, the sky is falling".
I'm going to be throwing some more fiat/BTC into NXT today and I suggest that everyone else follows my lead.

If we can hold, keep calm & carry on, keep NXT on the level while the market is collapsing around it, the potential is huge.
This could be a game-changing moment for crypto, there are a lot of people right now out there in crypto land looking for a safe place to put their investment. It would be very good for NXT if we could make NXT that safe place.

So, can I humbly suggest that we:

Hold. Do not sell, where are u gonna go, into BTC?

Buy. Get rid of that BTC, or just keep the fiat value up by moving into NXT.

Promote. Get the huddled masses running to NXT as shelter from the BTC storm.

Help any newbies u meet.....

Last thought here: If we can get NXT in the green on coinmarketcap, while the rest of the crypto world is deep red, everyone is going to want some, no matter how complicated the client is or whether we can forge on RspPi or not..... so pump, don't dump.

I'm off to throw some BTC at DGEX, come and join in...
 

 

You know, that would not be such a bad idea right now!

If everyone would just bij 0.1 or 0.2 BTC worth of NXT right now, that would really boost the market.
It would stick out like a flashlight in the darkness.

Problem is: everyone wants to buy low...  Sad

NXT: Next Generation of Cryptocurrency http://nxtcrypto.org
NEM:New Economy Movement http://www.ournem.com/
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February 07, 2014, 09:25:19 AM
 #30680



OMG we are doomed...




or maybe Satan is on our side.....

Nulli Dei, nulli Reges, solum NXT
Love your money: www.nxt.org  www.ardorplatform.org
www.nxter.org  www.nxtfoundation.org
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