NXT :: descendant of Bitcoin - Updated Information

[pinarello]

Well there is still a job opportunity for CfB when he stops with NXT.

He is a very famous meme creator now.

https://bitcointalk.org/index.php?topic=453230.msg4993771#msg4993771

[Come-from-Beyond]

how long would testing take??

No idea.

[Damelon]

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

Exactly!
When are we implementing this change?

+1

That makes no sense because NXT is 100% issued so fees need to be material to encourage forging and redistribute coins. Perhaps the fee should be 1% of amounts < 100, and capped at 1 for larger amounts. Two decimal places would be needed also, for nxt cents.

Forging makes no sense if you don't have transactions.

Plus most people don't even know what forging is for. Hell, most simpele miners don't even realise that they are securing the network. They just mine for coinzzzz.

Again: who is the target audience?

[BitcoinForumator]

http://www.youtube.com/watch?v=RDoaf5Vnh7s&feature=youtu.be

Expected 

[xibeijan]

Why we need crypto-currency

http://www.bbc.co.uk/news/business-25861717

[pinarello]

http://www.youtube.com/watch?v=RDoaf5Vnh7s&feature=youtu.be

Expected 

Off Topic:

[jkoil]

https://twitter.com/kLee1977/status/431736922000478208

short tough

That was typical megalomaniac self-absorbed Keiser statement.

http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=8606685.PN.&OS=PN/8606685&RS=PN/8606685

Does Kaiser really own the patent?

Obviously he does. But he's full of himself - which is fine when it's true, but when he's making statements like MaxCoin is a total success (just go read his #maxcoin tweets), when it has been anything but a success so far (except maybe for the inner circle). Can't stand the fakery.

he has it double-patented?
http://patft.uspto.gov/netacgi/nph-Parser?Sect2=PTO1&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&d=PALL&RefSrch=yes&Query=PN%2F7487123

I guess those patents/applications are about trading system and virtual currency ...
but are they related to the cryptocurrencies. That's another case, afik patent lawyers

[xibeijan]

Why we need crypto-currency

http://www.bbc.co.uk/news/business-25861717

thats bullshit.. your money so you can withdraw what ever you want! id have a shit attack if my bank said i couldnt withdraw my own money in person in the bank.. id understand a few hundred thou or a million but not just a couple thou... there all goin buyin bitcoin from zipzap lol

Yeah, it's scary.  If a well capitalised bank like HSBC is not letting customers withdrawal 7,000, then the finance world is in a really bad state!

That's not a conspiracy theorist article either--- it's BBC!

[Labteck]

Forging makes no sense if you don't have transactions.

Plus most people don't even know what forging is for. Hell, most simpele miners don't even realise that they are securing the network. They just mine for coinzzzz.

Again: who is the target audience?

coins? what coins?
Forging make no sense if you dont forge anything or a ridicoulos amount (more ridicolous than now)
who will secure the network?stakeholders? ok

[mikesbmw]

Why we need crypto-currency

http://www.bbc.co.uk/news/business-25861717

thats bullshit.. your money so you can withdraw what ever you want! id have a shit attack if my bank said i couldnt withdraw my own money in person in the bank.. id understand a few hundred thou or a million but not just a couple thou... there all goin buyin bitcoin from zipzap lol

Same has been the case at many (if not all) banks in the Netherlands. This has been the case for many years already.

It's just not possible to withdraw large cash amounts due to "security" reasons. Local banks don't have large piles of cash laying around anymore.
You have to give them notice in advance, sometimes more than a week (also to check if it is okay, security wise) for everything above 5000 euros (that amount may vary per bank).

[farl4web]

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

Exactly!
When are we implementing this change?

+1

That makes no sense because NXT is 100% issued so fees need to be material to encourage forging and redistribute coins. Perhaps the fee should be 1% of amounts < 100, and capped at 1 for larger amounts. Two decimal places would be needed also, for nxt cents.

Forging makes no sense if you don't have transactions.

Plus most people don't even know what forging is for. Hell, most simpele miners don't even realise that they are securing the network. They just mine for coinzzzz.

Again: who is the target audience?

In the beginning cryptocurrency-enthusiasts and not the normal Joe from the street. They don't understand shit about Nxt.

Untill it is for experts/dev's and miners, than you must give them something to earn money with. That's why the most like cryptocurrency: making money, getting decentralized and loving the tech-world around it. The normal 'guys' will only step in if it is totally user friendly, you can really pay with it and it gets a lot of publicity.

Reward the forgers untill then. (is my opinion)

[Passion_ltc]

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...
 

 

THIS!!


I suggest we create a reddit marketing campaign NOW! Only on the bitcoin/litecoin/big altcoin subreddits! The advertisement will be with headlines like "Ready for the btc dip or want to come over to a secure future with NXT?"

http://www.reddit.com/r/NXT/comments/1x492g/donations_towards_rnxt_to_13697847005408066653/


Could we get some funds for this? They will be used ONLY for the campaign.


Originally I wanted to do it after we have a client and AE. But maybe this is our chance right now!

[coolmist]

Why we need crypto-currency

http://www.bbc.co.uk/news/business-25861717

thats bullshit.. your money so you can withdraw what ever you want! id have a shit attack if my bank said i couldnt withdraw my own money in person in the bank.. id understand a few hundred thou or a million but not just a couple thou... there all goin buyin bitcoin from zipzap lol

Yeah, it's scary.  If a well capitalised bank like HSBC is not letting customers withdrawal 7,000, then the finance world is in a really bad state!

That's not a conspiracy theorist article either--- it's BBC!

ya every thing is made out to be fine and dandy an by the time the majority of people find out theres a serious problem, its too late. if i was that guy i would withdraw every penny from his bank accounts even if it ment going into the bank everyday for a week! shits guna hit the fan sometime this year.. i just hope everyone sees it coming and gets out (not guna happen)

edit: BOO YAA in yo face! check mate apple! your move! http://www.cryptocoinsnews.com/2014/02/07/millennius-stops-all-sales-iphones-protest-apple-removal-blockchain-info-ios-app/

I tried doing that after Chase started imposing withdrawal limits on one of my corporate accounts, about a week in they froze 25k, two months later I get a check for 11.2k and the rest was kept by chase because of "suspicious circumstances". I no longer keep my money in banks, just about 30k to cover living expenses.

[jkoil]

Maxcoin killed all the coins  

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.

Can you believe people are actually paying $14 already for MAX?!?!?    

Not saying it can't go higher... but the dump which will soon come will be EPIC!!!    

https://mcxnow.com/exchange/MAX

0.0389 BTC wtf

edit: 0.043

Maxcoin's future ?
http://www.youtube.com/watch?v=RDoaf5Vnh7s

[lurning]

Hey guys...I just if we could get this for NXT, that would be the kickstart...

http://all4btc.com/

[salsacz]

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...
 

 

THIS!!


I suggest we create a reddit marketing campaign NOW! Only on the bitcoin/litecoin/big altcoin subreddits! The advertisement will be with headlines like "Ready for the btc dip or want to come over to a secure future with NXT?"

http://www.reddit.com/r/NXT/comments/1x492g/donations_towards_rnxt_to_13697847005408066653/


Could we get some funds for this? They will be used ONLY for the campaign.


Originally I wanted to do it after we have a client and AE. But maybe this is our chance right now!

yes, it's worth a try

[coolmist]

Hey guys...I just if we could get this for NXT, that would be the kickstart...

http://all4btc.com/

Dibs on launching this website for NXT.

[Come-from-Beyond]

I have just wanted to send donation for http://www.youtube.com/watch?v=P8ymgFyzbDo
Pity, they don't accept NXTs...

[mezzovide]

THIS!!


I suggest we create a reddit marketing campaign NOW! Only on the bitcoin/litecoin/big altcoin subreddits! The advertisement will be with headlines like "Ready for the btc dip or want to come over to a secure future with NXT?"

http://www.reddit.com/r/NXT/comments/1x492g/donations_towards_rnxt_to_13697847005408066653/


Could we get some funds for this? They will be used ONLY for the campaign.


Originally I wanted to do it after we have a client and AE. But maybe this is our chance right now!

yes, it's worth a try

give some pressure into AE as related to what happen when using centralized exchange point like Mt Gox, should be quite effective dont u think?  

[BitcoinForumator]

I have just wanted to send donation for http://www.youtube.com/watch?v=P8ymgFyzbDo
Pity, they don't accept NXTs...

One of the best songs...i mumble it sometimes...