NXT :: descendant of Bitcoin - Updated Information

[wesleyh]

Having second thoughts about having such big investment in NXT.

I have yet to see anything useful and now it's becoming an asset?

Lol? No, it's becoming an ASSET EXCHANGE. Nodecoin is an asset on top of the Nxt platform. Some people called it NxtCoin for fun..

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[freedomfighter]

Here is what I might have missed- please clarify

you wrote: Not sure I understand your logic. You make it sound like NXT is losing something by supporting assets.

Ofcourse not


Other than speculative value, what intrinsic value does any crypto currently have?

if used as currency/asset of exchange in a REAL WORLD or web based economical setting

Assuming NXT gets used by a large number of asset issues (regardless of what it is), then the fact that it is using NXT gives value to NXT. All assets within NXT are denominated in NXT. It becomes the reserve currency

So here is what I might have missed: you are saying that any asset, above paying 1000nxt to be created will be denominated in NXT.-- meaning that any action within it will require NXT again. ok but how will this work if i issue a share for a DAC or a new currency on which i will conduct my transactions?

At worst, it would be neutral. There is always the minimal tx fee, but even without that I dont see it as harming NXT. More people use things that are built with NXT, eg. "NXT inside" will help NXT. If just a fraction of the people transacting in your DAC shares takes an interest to NXT, then that is new blood coming into NXT.

How exactly does this hurt NXT?

It doesnt- but as rickeyjames said a few days ago: NXT must not lose sight on it being a 1.0 coin within the 2.0 paradigm/platform. In other words--- it is great to have all the decentralized platforms but without inherently "forcing" users of all platforms to actually use NXT as the "money" of that network, we will not drive the value of the 1.0 aspect.

I think that both are important- the 2.0 drives value and builds a monster (in the positive sense) that clones will be hard pressed to clone, that will drive usage and attract business and users, while 1.0 is the currency of this economy. this will be a constant win win to both holders of NXTcoin, forgers, and asset holders.

They way it is recently discussed here--- the 1.0 issue is an afterthought. I will be comfortable with this if I had shares in NXT. but NXTcoins are NOT shares

[igmaca]

Here is what I might have missed- please clarify

you wrote: Not sure I understand your logic. You make it sound like NXT is losing something by supporting assets.

Ofcourse not


Other than speculative value, what intrinsic value does any crypto currently have?

if used as currency/asset of exchange in a REAL WORLD or web based economical setting

Assuming NXT gets used by a large number of asset issues (regardless of what it is), then the fact that it is using NXT gives value to NXT. All assets within NXT are denominated in NXT. It becomes the reserve currency

So here is what I might have missed: you are saying that any asset, above paying 1000nxt to be created will be denominated in NXT.-- meaning that any action within it will require NXT again. ok but how will this work if i issue a share for a DAC or a new currency on which i will conduct my transactions?

At worst, it would be neutral. There is always the minimal tx fee, but even without that I dont see it as harming NXT. More people use things that are built with NXT, eg. "NXT inside" will help NXT. If just a fraction of the people transacting in your DAC shares takes an interest to NXT, then that is new blood coming into NXT.

How exactly does this hurt NXT?

nxt will be as the gold standard. will be the reference value. will be the foundation system.

[salsacz]

New York meeting  - today
http://www.meetup.com/BitcoinNYC/events/170899822/

[xibeijan]

I really don't think it's possible for NXT to fail on those grounds..... all projects go through ups and downs, but NXT is a disruptive technology.  More important than friendly service and reaching out to average users.  Longterm means a huge win for NXT.....  Adapting for average users over time is something that probably will happen slowly and naturally

[LemonAndFries]

Having second thoughts about having such big investment in NXT.

I have yet to see anything useful and now it's becoming an asset?

Lol? No, it's becoming an ASSET EXCHANGE. Nodecoin is an asset on top of the Nxt platform. Some people called it NxtCoin for fun..

I didn't invest in an Asset Exchange, if I wanted that I would have just gone to cryptostocks for that.

NXT is starting to become something that I AM NOT WILLING to have so much investment in.

NXT coin was my original investment, not a fucking exchange,

[Uniqueorn]

And it's not about being negative, I have asked for solutions, proposed solutions etc. for months now.
I put the first spotlight on development halting months ago. These are all issues that could've been solved, but hasn't been, so my "negativity" is founded in reality.

I must have missed your solutions. All I see from you nowadays are "the sky is falling" type of posts. How exactly would you have prevented some electiontime tactics from making the cointropolis guys leaving? How exactly would you have prevented Ciyam leaving? None of your "solutions" would have done anything about that.

It's only in the last perhaps 5 days or so that I have began to lose complete faith in NXT, so your first statement is just a result of extremely short term memory.
Well first of all, noone was aware of the election tactics before Justabit did a bit of digging because the results were suddenly skewed overnight.
What I am most surprised at is that the community is somehow ok with dirtytactics being used by those who are sitting on 30% of our entire fucking fund.
I can't remember 100%, but I think you were the guy who said "well should've had counter-tactics" as if this was some sort of political vote.
There are no room for dirtytactics when the entire point of the vote is to have the best committee. How the fuck can the community accept such bullshit?

So, you consider jean-luc cranking out releases non-stop as development halting
wesley's awesome web client as development halting
all of my projects as development halting
all of the other people's projects as development halting

Red herrings.
Jean-Luc, CfB and you are the only developers left. I called attention to this months ago. There was pages sparked of debate from it and everyone agreed "OK WE NEED MORE PEOPLE". NOTHING has happened with that though and now that BCNext and CfB leaves we are left with 2 guys in charge of all the development of NXT.

Why you bring up wesley which I have praised 10 times in this thread is just retarded.


We also lost CIYAM because you guys refused to take any tips from a VERY experienced and educated coder.
This worries me a lot.

[salsacz]

Having second thoughts about having such big investment in NXT.

I have yet to see anything useful and now it's becoming an asset?

You can pay by Nxt to get anything other people provide here:

http://www.work4nxt.com/

(I just need a little more setting to finish the interface, but this is a decentralized gateway for P2P payments, everything what is here: http://www.fiverr.com/ can be also here: http://www.work4nxt.com/

[xibeijan]

I didn't invest in an Asset Exchange, if I wanted that I would have just gone to cryptostocks for that.

Cryptostocks is a centralized website.  NXT is a decentralised asset exchange platform.  You clearly don't get it.

NXT is starting to become something that I AM NOT WILLING to have so much investment in.

NXT coin was my original investment, not a fucking exchange,

NXT has always been about the decentralised exchange.... from day one.  If you do not understand or do not agree with the usefulness and disruptiveness of this concept, fine.  but it's unwise to "invest" into crypto without understanding what your investing into.

[Uniqueorn]

I really don't think it's possible for NXT to fail on those grounds..... all projects go through ups and downs, but NXT is a disruptive technology.  More important than friendly service and reaching out to average users.  Longterm means a huge win for NXT.....  Adapting for average users over time is something that probably will happen slowly and naturally

Why? NXT is open source. Anyone can (and is allowed to) make a fork of NXT. Hire some developers, make it even better and then have a nice distribution which will yield a big active community which leads to great marketing.
Da Vinci had the absolute best tech in the entire Universe is the 1400-1500s, yet he didn't reach people with it so it never saw the light of day.
Same can be said of countless musicians. There are undeniably Bachs and Vivaldis going through someones garbage instead of being praised as Gods of music, because they never had marketing.

Why is this so hard for people to understand. DOGE sucks in terms of tech, yet it's the second largest community next to Bitcoin. Why? COMMUNITY AND MARKETING.

[Passion_ltc]

So I wanted to install the client, but the same error as on my server..

With port 7874:     HTTP method GET is not supported by this URL


With port 7876 I only get the admin tools..


Ah I see.. 7875 is for the client..

[ChuckOne]

I really don't think it's possible for NXT to fail on those grounds..... all projects go through ups and downs, but NXT is a disruptive technology.  More important than friendly service and reaching out to average users.  Longterm means a huge win for NXT.....  Adapting for average users over time is something that probably will happen slowly and naturally

Why? NXT is open source. Anyone can (and is allowed to) make a fork of NXT. Hire some developers, make it even better and then have a nice distribution which will yield a big active community which leads to great marketing.
Da Vinci had the absolute best tech in the entire Universe is the 1400-1500s, yet he didn't reach people with it so it never saw the light of day.
Same can be said of countless musicians. There are undeniably Bachs and Vivaldis going through someones garbage instead of being praised as Gods of music, because they never had marketing.

Why is this so hard for people to understand. DOGE sucks in terms of tech, yet it's the second largest community next to Bitcoin. Why? COMMUNITY AND MARKETING.

Bingo!

[ChuckOne]

So I wanted to install the client, but the same error as on my server..

With port 7874:     HTTP method GET is not supported by this URL


With port 7876 I only get the admin tools..


Ah I see.. 7875 is for the client..

@Web-Client Developers

What about creating a bookmark when installing the client software?

Average Joe is quite unable to remember the port AND to comprehend what the port actually is.

Would a browser bookmark help?

[LemonAndFries]

I didn't invest in an Asset Exchange, if I wanted that I would have just gone to cryptostocks for that.

Cryptostocks is a centralized website.  NXT is a decentralised asset exchange platform.  You clearly don't get it.

NXT is starting to become something that I AM NOT WILLING to have so much investment in.

NXT coin was my original investment, not a fucking exchange,

NXT has always been about the decentralised exchange.... from day one.  If you do not understand or do not agree with the usefulness and disruptiveness of this concept, fine.  but it's unwise to "invest" into crypto without understanding what your investing into.

Don't tell me I don't get it, I perfectly understand what's going on.

This was supposed to be Cryptocoin 2.0 "DESCENDANT OF BITCOIN"

For crying fucksakes, even your thread title says it.

Are you all half-retarded?  The coin concept will attract the mainstream into NXT, not a fucking asset exchange.

The asset exchange was supposed to be a feature of NXT, not NXT itself.  Now all of you want to turn it into another of thousands of exhanges already available.

It is not decentralized anymore, not if it is just becoming another middleman like the rest of the exchanges.

With that said, I will most likely be shutting down my nodes.

[freedomfighter]

I didn't invest in an Asset Exchange, if I wanted that I would have just gone to cryptostocks for that.

Cryptostocks is a centralized website.  NXT is a decentralised asset exchange platform.  You clearly don't get it.

NXT is starting to become something that I AM NOT WILLING to have so much investment in.

NXT coin was my original investment, not a fucking exchange,

NXT has always been about the decentralised exchange.... from day one.  If you do not understand or do not agree with the usefulness and disruptiveness of this concept, fine.  but it's unwise to "invest" into crypto without understanding what your investing into.

Don't tell me I don't get it, I perfectly understand what's going on.

This was supposed to be Cryptocoin 2.0 "DESCENDANT OF BITCOIN"

For crying fucksakes, even your thread title says it.

Are you all half-retarded?  The coin concept will attract the mainstream into NXT, not a fucking asset exchange.

The asset exchange was supposed to be a feature of NXT, not NXT itself.  Now all of you want to turn it into another of thousands of exhanges already available.

It is not decentralized anymore, not it is just becoming another middleman like the rest of the exchanges.

With that said, I will most likely be shutting down my nodes.

you clearly dont get it. there are no "thousands of exchanges" only 1 (counterparty). 1 more is coming (msc) and than NXT.

but as afar as being a coin. i also am trying to get clarity on this. I would have wanted to see it as the fuel to any asset on the exchange with an ongoing need for it and thus demand. 

[LemonAndFries]

I didn't invest in an Asset Exchange, if I wanted that I would have just gone to cryptostocks for that.

Cryptostocks is a centralized website.  NXT is a decentralised asset exchange platform.  You clearly don't get it.

NXT is starting to become something that I AM NOT WILLING to have so much investment in.

NXT coin was my original investment, not a fucking exchange,

NXT has always been about the decentralised exchange.... from day one.  If you do not understand or do not agree with the usefulness and disruptiveness of this concept, fine.  but it's unwise to "invest" into crypto without understanding what your investing into.

Don't tell me I don't get it, I perfectly understand what's going on.

This was supposed to be Cryptocoin 2.0 "DESCENDANT OF BITCOIN"

For crying fucksakes, even your thread title says it.

Are you all half-retarded?  The coin concept will attract the mainstream into NXT, not a fucking asset exchange.

The asset exchange was supposed to be a feature of NXT, not NXT itself.  Now all of you want to turn it into another of thousands of exhanges already available.

It is not decentralized anymore, not it is just becoming another middleman like the rest of the exchanges.

With that said, I will most likely be shutting down my nodes.

you clearly dont get it. there are no "thousands of exchanges" only 1 (counterparty). 1 more is coming (msc) and than NXT.

but as afar as being a coin. i also am trying to get clarity on this. I would have wanted to see it as the fuel to any asset on the exchange with an ongoing need for it and thus demand. 

So I don't get it yet someone who is not even clear on the concept doesn't quit get it either.

Don't comment back if you don't even understand WTF is going on with this.

Is it an exchange? Is it a coin? Is it a website? Is it ice cream? Is it noodles?

Who the fuck knows anymore.  NXT is becoming irrelevant with so many nice new Crypto 2.0 with more promise than this coming out.

The community took too long, no wonder so many key people are leaving not to mention a community that doesn't know WTF they are even developing.

[zorke]

I really don't think it's possible for NXT to fail on those grounds..... all projects go through ups and downs, but NXT is a disruptive technology.  More important than friendly service and reaching out to average users.  Longterm means a huge win for NXT.....  Adapting for average users over time is something that probably will happen slowly and naturally

Why? NXT is open source. Anyone can (and is allowed to) make a fork of NXT. Hire some developers, make it even better and then have a nice distribution which will yield a big active community which leads to great marketing.
Da Vinci had the absolute best tech in the entire Universe is the 1400-1500s, yet he didn't reach people with it so it never saw the light of day.
Same can be said of countless musicians. There are undeniably Bachs and Vivaldis going through someones garbage instead of being praised as Gods of music, because they never had marketing.

Why is this so hard for people to understand. DOGE sucks in terms of tech, yet it's the second largest community next to Bitcoin. Why? COMMUNITY AND MARKETING.

Bingo!

Yes but you cannot have marketing when you don't even have a client to use. People will come, realize it is to hard, some will try and lose their coins as they are trying and leave. I mean first date of official client release was 26th of January. We are far from that, almost 2 months. And a guy that was supposed to deliver our client has received 165,000 NXT of bounty and went to work on some other things. Pretty unprofessional if you ask me.

It is all interconnected!!

[LemonAndFries]

I really don't think it's possible for NXT to fail on those grounds..... all projects go through ups and downs, but NXT is a disruptive technology.  More important than friendly service and reaching out to average users.  Longterm means a huge win for NXT.....  Adapting for average users over time is something that probably will happen slowly and naturally

Why? NXT is open source. Anyone can (and is allowed to) make a fork of NXT. Hire some developers, make it even better and then have a nice distribution which will yield a big active community which leads to great marketing.
Da Vinci had the absolute best tech in the entire Universe is the 1400-1500s, yet he didn't reach people with it so it never saw the light of day.
Same can be said of countless musicians. There are undeniably Bachs and Vivaldis going through someones garbage instead of being praised as Gods of music, because they never had marketing.

Why is this so hard for people to understand. DOGE sucks in terms of tech, yet it's the second largest community next to Bitcoin. Why? COMMUNITY AND MARKETING.

Bingo!

Yes but you cannot have marketing when you don't even have a client to use. People will come, realize it is to hard, some will try and lose their coins as they are trying and leave. I mean first date of official client release was 26th of January. We are far from that, almost 2 months. And a guy that was supposed to deliver our client has received 165,000 NXT of bounty and went to work on some other things. Pretty unprofessional if you ask me.

It is all interconnected!!

Exactly, it's been months and there is yet a user friendly client.

This will be the downfall, the tech savvy people fail to see that outside of their world no one else even knows WTF Java is or how to create a BAT file.

A user friendly client should have been the priority for the community, instead here they are debating what kind of assets will be traded.

NO ASSETS WILL BE TRADED IF IT NEVER BECOMES USER FRIENDLY.

A lot of wishful thinking, but I've lost hope with this project.

So what if you have transparent forging? So what if you have a decentralized asset exchange?

None of that will matter if the mainstream user can't even understand how to use the client.

[LemonAndFries]

Having second thoughts about having such big investment in NXT.

I have yet to see anything useful and now it's becoming an asset?

Lol? No, it's becoming an ASSET EXCHANGE. Nodecoin is an asset on top of the Nxt platform. Some people called it NxtCoin for fun..

I didn't invest in an Asset Exchange, if I wanted that I would have just gone to cryptostocks for that.

NXT is starting to become something that I AM NOT WILLING to have so much investment in.

NXT coin was my original investment, not a fucking exchange,

your not investing in an exchange your investing in the base currency that that exchange runs on..

think of it this way.. on the exchange where nxt will be the base currency you will be able to trade other cryptos with hardly any fee's or none..

 think of a decentralized cryptsy where you can trade all sorts of coins but instead of cryptsy using btc as the base currency we will be using nxt!

the same goes for companys.. you wont be able to buy shares in a company with shares of a different company, you will have to trade back to nxt first.. and all of this with out ever having to give your coins to a 3rd party! the exchange is a big FEATURE of what you have invested in.. it is not the investment itself...

that would be like investing in bitpay instead of btc...

So were back to the asset exchnage being a feature again instead of being NXT itself.

Who knows WTF is going on with this thing.

[LemonAndFries]

A lot of wishful thinking, but I've lost hope with this project.

OK then...  take your losses/profits and move on...    

Yes I am actually evening out, but I just wanted to bring to the community awareness of this huge problem they have.

Some of the member really need to leave that dark hole in their room and get some sunshine where normal people walk so they can understand not everyone is like them.
Most of the world is populated with average everyday working joes, not computer super nerds.