Re: NXT :: descendant of Bitcoin - Updated Information
Today at 01:53:59 AM
Reply with quote #35842
Quote from: jl777 on Today at 01:37:11 AM
Quote from: bitcoinpaul on February 16, 2014, 11:06:41 PM
Quote from: bitmadaboutcoin on February 16, 2014, 10:58:30 PM
but isnt part of bcexts plan to lower fees and stop greedy hoard and forge? makin it not worth while?
His idea. We don't have to follow it.
I am following BCNext's plan! He is clearly much smarter than me, who am I to second guess his recommendations.
In any case it makes a lot of sense to me that NXT itself should be as close to free to use as possible. Think how much it costs to use the Internet, or normal cash. If using the internet had a per minute fee (like Compuserve did), it would never have become what it is. Most people dont seem to under stand this. Elasticity of price demand, eg. lower cost -> more volumes.
I suggest that everybody just IGNORE any amount that comes in from forging. If it comes in, great, if not, dont worry. NXT is about building an economy. What sort of economy would it be if everybody just sat around waiting and staring at their money waiting for it to magically and spontaneously spit out more money?? The fact that NXT actually does this every once in a while is fantastic, but it is NOT the reason to own NXT. [answer to my rhetorical question is "massive economic depression"]
The reason to own NXT is to be able to build a livelihood around it. Create a product like Anon's silver bars, create a service like many people have already done. You have to do something to get something. Its not really that strange that it works this way is it?
Unless you have 100 BTC and can buy 1 million NXT, you gotta work. Even if you have 1 million NXT, it would be much better if you invested in the best ideas and allow others to make a living.
I am in the process of coming up with ways normal people can make a living by building stuff on top of NXT, but the more people that contribute such ideas the better. I cant be the only one who has ideas on how to make money with NXT.
Let's play a game. post a way you can think of that somebody can make money with NXT, using the tech that is currently being developed. The best idea as measured by (estimated revenues divided by estimated costs to implement) will win 500 NXT bounty. If there is no consensus as to what idea has the best revenue/cost ratio, i will flip a coin and pick the one I like the best.
Deadline is before I sign off tonight, probably 6 to 8 hrs
At the dawn of electricity in the late nineteenth century was Thomas Edison envisioned a decentralized system with many small companies competing for generators installed near the point of consumption. Since the electricity distribution cables were still rare , the Edison Electric Lighting Company focused most of his first business in installing generators in small factories, shops, hotels and homes .
In 1888 , Edison had installed 1,700 small plants . In the early twentieth century , more than half of U.S. electricity It was self-produced by industries that took advantage of the waste heat and excess electricity sold to nearby customers.
Would it be possible to implement Nxt platform under the distributed energy market ?
Is a market where producers and consumers of energy would cross their sales orders and purchase orders simultaneously.
Today a small community of neighbors or landowners can generate and sell energy through solar PV , mini wind power, etc. .
For example an owner decide to install in his home to energy consumption solar pv but at certain times of day to spare and is now selling the excess energy in the Nxt platform.
At one point he needs same energy and buys his deficit in the Nxt platform.
both buyer and seller should obviously pay transport costs to distribution companies but the market for the generation and consumption of energy would peer ( peer to peer) .
This would link with the colored coins and the contract system like Ethereum .
Does anyone dare with the idea ?
If anyone dares I'm interested to collaborate .
