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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2756221 times)
farl4web
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March 14, 2014, 01:10:19 PM
 #44361

Why the price is keeping going down?
don't worry, price drop was caused by those 2 stakeholders:
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=4483676211889446810
http://87.230.14.1/nxt/nxt.cgi?action=2000&tra=12023091469145621022

but it was supported only by these:
http://87.230.14.1/nxt/nxt.cgi?action=2000&tra=12169060789793651904
http://87.230.14.1/nxt/nxt.cgi?action=2000&tra=18286075937885214016
http://87.230.14.1/nxt/nxt.cgi?action=2000&tra=14279129699678101070

Everyone else is buying, a lot! Bter's account is much smaller than a week ago. There are massive buyings in last week, thanks to these stakeholders, massive adoption
It's a bit of a disgrace they only pay 1 fee for sending al those hunderd-thousands of NXT. Sometimes I think the fees should be relative to the amount of NXT. Something like this:

< 10 000 NXT send = min. 1 NXT fee
10000-100000 NXT send = min. 10 NXT fee
100000-1000000 NXT send = min. 100 NXT fee
> 1000000 NXT send = min. 1000 NXT fee

In the future this could be, because we want to lower the fees:

< 10 000 NXT send = min. 0.01 NXT fee
10000-100000 NXT send = min. 0.1 NXT fee
100000-1000000 NXT send = min. 1 NXT fee
> 1000000 NXT send = min. 10 NXT fee
 

What are your thoughts? The big guys earn of the fees of the small guys now, so it's more fair if they pay more for transactions?


NRS UI automatically adjusts the fee based on amount, but allows you to manually override it (e.g. set it to 1).
Hell, you're right!  Shocked

Sorry, didn't see that, I'm not that rich that I will make that kind of transactions.  Wink

Still I think making it fair it better for the Nxt community and to attract more people into Nxt, if i'ts technical/ethical or political that doesn't matter IMHO.

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March 14, 2014, 01:10:24 PM
 #44362


The Nodecoin is one of the things that can give NXT a boost! And attract new money to Nxt!  Smiley

But the money selfish miners will come to take,has to come from somewhere.And that somewhere,is  NXT users.
So in the long term,all that is given for mining,is taken from other users,making it more expensive to use Nxt.
People want money here and now,even if they have to pay 2$ long term,to have 1$ here and now.But we dont have to fall with that.

Selfish miners will just take money out of the network= less market cap

node coin short-term solution
node coin is similar to peer explorer

But in parallel we must to solve this

the essence of nxt is

We want Nxt green? yes
We want Nxt safe? yes
We want Nxt decentralized? yes (Currently no)


It's what makes Nxt different from others
farl4web
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March 14, 2014, 01:13:14 PM
 #44363

What are your thoughts? The big guys earn of the fees of the small guys now, so it's more fair if they pay more for transactions?

I do not see why changing fees the way you described it would change that.

To make that more clear: it has nothing to do with each other at all.

Earning fees is something completely different than spending them.
That's true! I only think about ways to give Nxt a better image, so it will attract more people. Most my transaction-fees (of very small transactions 1-10 NXT) goes to the big guys, wouldn't it be more fair, just for good feeling of Nxt to make it more evenly distributed (fair). Just an idea, nothing more.  Smiley

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ChuckOne
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March 14, 2014, 01:14:08 PM
 #44364

We want Nxt green? yes
We want Nxt safe? yes
We want Nxt decentralized? yes (Currently no)

Huh? Not decentralized? Since when?
Fatih87SK
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March 14, 2014, 01:15:29 PM
 #44365

If we are going to discuss unclear features of NodeCoin, wouldn't it be better to wait for James to tell us what he thinks?
Otherwise we will get ourselves into a mighty fit over what may not be true in any case Smiley

Or start a nodecoin thread,which im sure will bring a lot of interest.And this is messing the functionality of this thread.

Good idea. Someone could make an [ANN] Nodecoin.

farl4web
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March 14, 2014, 01:20:20 PM
 #44366

If you run a NXT node, you are supposed to receive NXTcoins and it is called forging.
You don't understand it. Running a node is not the same as forging. This mistake is maybe the cause of all the miscommunication here?

Forging:
People unlock their account on a simple computer and are chosen to generate a block. You will receive the fees of that block in your account.
Forging is free, just turn your computer on.

Running node:
Nodes are servers which will help stabilize and secure the network. You don't earn fees of blocks.
Running a node is running a dedicated server and can cost money.

Is this really true?  If you are running NRS 0.8.9 on a node, you are ineligible to be selected to forge a block and receive the standard NXT fee award for forging that block?  If so, this is news to me.  How does NRS 0.8.9 know you are running a node and not an open client and so exclude you from generating a block?  How is DGex managing to forge so many NXT with all the NXT they are holding from clients?  You're telling me Graviton has 50 million of other people's NXT running on his laptop computer with an open client and not a rackmount server node?

Somebody tell me one more time what the difference is between an open client and a node, and what hallmarking is and what good it does.  I thought a node was the same as an open client on a laptop, it could just handle more bandwidth.
Here's more info: https://forums.nxtcrypto.org/viewforum.php?f=39&sid=d8c4d22ee0a4a63b20349fd0b71c96a5

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March 14, 2014, 01:21:20 PM
 #44367

Good morning people  Cheesy
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March 14, 2014, 01:21:36 PM
 #44368

Quote
[ANN] Nodecoin

someone making that thread must be James and noone else, IMHO! It's not ready yet!

If we are going to discuss unclear features of NodeCoin, wouldn't it be better to wait for James to tell us what he thinks?
Otherwise we will get ourselves into a mighty fit over what may not be true in any case Smiley

Let's wait.

I'm so happy we have a competent Inf-Com, right now…  Grin

[EDIT] and this : https://bitcointalk.org/index.php?topic=506757.msg5687079#msg5687079

Touque
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March 14, 2014, 01:22:09 PM
 #44369

If you run a NXT node, you are supposed to receive NXTcoins and it is called forging.
You don't understand it. Running a node is not the same as forging. This mistake is maybe the cause of all the miscommunication here?

Forging:
People unlock their account on a simple computer and are chosen to generate a block. You will receive the fees of that block in your account.
Forging is free, just turn your computer on. AND UNLOCK ACCOUNT

Running node:
Nodes are servers which will help stabilize and secure the network. You don't earn fees of blocks.
Running a node is running a dedicated server and can cost money.

No matter you run a node or server you still need to run NRS, right? If you just want to compensate people for maintaining/running a server you can do it with Nxt or BTC, right? Why nodescoins? Nodecoins have no original value. You create a nodecoin for free and you set up a price for it (0.01nxt=1nodecoin). It devalues Nxt. Will you pay for it from your own pocket?

Some people kept to say that nodecoins are just asset. Go ahead to create a such asset in the AE yourself. No one stop you to do so. If I create a asset on AE like that, will people buy from me? No. first, one one trust me. second it has no value.


  
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March 14, 2014, 01:22:44 PM
 #44370

We want Nxt green? yes
We want Nxt safe? yes
We want Nxt decentralized? yes (Currently no)

Huh? Not decentralized? Since when?

Such as the fee currently are distributed this is true? not

currently we need VPS node to secure  network
small accounts does not incentivized to active a node


Currently Nxt is green? yes
Currently Nxt is safe? yes using VPS (trust points, centralized)
Currently Nxt is decentralized? No. Raspberri pi nodes have no interest in having its node active. There are few transactions and value of the fee is ridiculous because Nxt coin price is low
Mises_77
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March 14, 2014, 01:27:31 PM
 #44371

If we are going to discuss unclear features of NodeCoin, wouldn't it be better to wait for James to tell us what he thinks?
Otherwise we will get ourselves into a mighty fit over what may not be true in any case Smiley

Or start a nodecoin thread,which im sure will bring a lot of interest.And this is messing the functionality of this thread.

Good idea. Someone could make an [ANN] Nodecoin.

But Wait! That might cause a big influx of new users that we did not have before! Oh, the horror!
 Shocked  Roll Eyes
apenzl
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March 14, 2014, 01:32:29 PM
 #44372

If we are going to discuss unclear features of NodeCoin, wouldn't it be better to wait for James to tell us what he thinks?
Otherwise we will get ourselves into a mighty fit over what may not be true in any case Smiley

Or start a nodecoin thread,which im sure will bring a lot of interest.And this is messing the functionality of this thread.

Good idea. Someone could make an [ANN] Nodecoin.

But Wait! That might cause a big influx of new users that we did not have before! Oh, the horror!
 Shocked  Roll Eyes

James is under enough pressure just answering to his own right now. He has asked for someone to do a whitepaper. Anyone?

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March 14, 2014, 01:54:46 PM
 #44373

I hate nodecoin already because of all this discussion. Could we now talk about Nxt and NXT again? And don't say "nodecoin is Nxt, you don't get it" to me.
Btw NXTcash and other stuff please without nodecoin. Thanks.
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March 14, 2014, 01:54:58 PM
 #44374

This endless discussion about nodecoin became quite boring, I'm going to derail it a little...

farl4web
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March 14, 2014, 01:58:15 PM
 #44375


The Nodecoin is one of the things that can give NXT a boost! And attract new money to Nxt!  Smiley

But the money selfish miners will come to take,has to come from somewhere.And that somewhere,is  NXT users.
So in the long term,all that is given for mining,is taken from other users,making it more expensive to use Nxt.
People want money here and now,even if they have to pay 2$ long term,to have 1$ here and now.But we dont have to fall with that.

Selfish miners will just take money out of the network= less market cap
I don't think it's all that bad to attract more 'miners'. They secure the network, attract a lot of attention to Nxt, so everybody benefits. Maybe a few miners stay for the stake! Better than no attention at all IMO.  Smiley

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March 14, 2014, 01:58:53 PM
 #44376

MARKETING TEAM!!!

Can we have a ANN Thread today?

"[ANN]: NXT ASSET EXCHANGE on testNET LIVE! EASY Client included! Ask for testNXT!"

I think nobody knows that our Asset Exchange is working in TestNet?!? Announce it! Mastercoin Exchange will die, I'm sure...




I'd be happy to make a thread for AE.

What needs to be clear for everyone?

I think just this, isn't it?

Wesley's client: http://nxtra.org/nxt-client/

Where can they ask for TestNxt? In the [ANN] thread? Who will give those out?

Please let me know and I'll make one. Won't have time to monitor it today, though, so some people should step in, too Smiley

Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
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March 14, 2014, 01:59:14 PM
 #44377

@landomata

any update on paying for NMAC shares? Smiley just take my monay.. gawd! lol
Pm's will be sent out over the next two day to all concerned persons.


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March 14, 2014, 02:02:18 PM
 #44378

if there was no mention about Nxt in the name of the AE topic, THEN it might be more viral..

Nxt tips: NXT-R67P-6BZ2-XWAK-8RHZR | Nxt forum | Nxt Academy | Donate for Nxt at the Universities // BTCD: RVMLrnxYYy7uy8YZo9FcGfXbk1ZMnNifdg
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March 14, 2014, 02:03:30 PM
 #44379

Woah, what an interesting 24 hours. Every time I think I understand, I get a bit more confused.

First, James, great work. Regardless of where this all goes, your ability to innovate at the speed you do is undeniable. You are a great asset to the Nxt community.

I am not for or against Nodecoin at this point so I will simply hold my opinion until I am better educated.

However, now for the bigger questions, and this is not just in relation to Nodecoin but to all other coins planned in the future on top of Nxt. If we react to Nodecoin in this manner, I fear what the next weeks will be regarding additional assets and and/or coins. I hope we are able to come to a consensus as soon as possible and allow innovation to flourish.

So, if I am mistaken in my understanding, please correct me.

The purpose of Nodecoin is to encourage network participation?

Nodecoin is rewarded to those that run a node and is redeemable for Nxt?
My question regarding this is, "Where do they redeem them?". Is the scenario something like this.
I am a new comer to Nxt, I have 0 Nxt and no funds to purchase. So, I decide I want to run Nodeminer in hopes of redeeming Nodecoins for Nxt. I run Nodeminer for a specified amount of time and at any time I have accumulated a certain amount I can then redeem for Nxt (and/or use in other services).

My question is, where do the Nxt to redeem actually come from?

Additionally, is Nodecoin redeemable for any other currency? Or is Nxt the only reward? Obviouslly, in a round about way, other coins could be converted to Nxt and then used for the reward.

Is it intended that users that already have Nxt, pre-buy Nodecoins shares to support the Network. Therefore in a sense, outsourcing part of our network participation?




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salsacz
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March 14, 2014, 02:03:52 PM
 #44380

btw no reactions on using Nxtcoin name?

https://bitcointalk.org/index.php?topic=345619.msg5687199;topicseen#msg5687199

Nxt tips: NXT-R67P-6BZ2-XWAK-8RHZR | Nxt forum | Nxt Academy | Donate for Nxt at the Universities // BTCD: RVMLrnxYYy7uy8YZo9FcGfXbk1ZMnNifdg
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