NXT :: descendant of Bitcoin - Updated Information

[ChuckOne]

Nxt is not a coin. NXT is a coin, token, fee ticket, whatever...

So, it is a coin.

(For all those who need it to be a coin)

[bitcoinpaul]

Yes.

Moving on.

[Fatih87SK]

@wesley..

you know when you get a notification that you received an asset.. can you make the notification clickable to take you to that assets buy/sell page? same goes for messages. perhaps have a drop down for messages/notifications too the same as facebook?

+1

You mean something like Cryptsy. When you order has filled. Good idea.

[freedomfighter]

Nxt is not a coin. NXT is a coin, token, fee ticket, whatever...

I can understand a coin- token on top of decentralized platform. I cant understand a coin that is also the platform and building block of a free network. theoratically- all entrepreneurs can use  the network create coins on top of it and other assets, pay dividends and gamble, and NEVER require the use of a single NXT (especially if forging is now resulting in node coins)

Etherium are requiring ETH to be the oil of every transaction and that will drive both ETH usage and the etherium platform as a whole. here is seems to NOt be the case. am I wrong?

[rlh]

Nxt Mining Pool Bounty posted @ Nextcoin.org

https://nextcoin.org/index.php/topic,4399.0.html

Initially seeded with 20k, please feel free to follow the link and donate additional funds to the posted address.  My initial 20k are being sent to that address (from cryptsy) hopefully they will show up before Monday.

[msin]

If we agree that it is no ordinary coin for the above reasons, then we should consider Ricky's point about NodeCoin altering the very fabric of Nxt; and not just brushing it aside as just a coin anybody can create on top of Nxt.

Personally...  I do view Nodecoin as just a project/asset/coin...  but let me make one thing clear...  IF the intention of "Nodecoin should be redeemable for accessing services (DAC, NxtCash, whatever)" was to exclude NXT from being used as well...  then it is definitely a NO GO.

I Agree...

Last time I checked, the only reason to any Nxt service (DAC, NxtCash) was to spend/receive Nxt, so why would using any of those services exclude Nxt?  We have a Nxt platform and apart from the core, anyone should be allowed to develop anything they want on top of it.  If we don't encourage complete openness to our platform, others will develop in alt POS coins.  

[seek4dream]

Nxt is not a coin. NXT is a coin, token, fee ticket, whatever...

I can understand a coin- token on top of decentralized platform. I cant understand a coin that is also the platform and building block of a free network. theoratically- all entrepreneurs can use  the network create coins on top of it and other assets, pay dividends and gamble, and NEVER require the use of a single NXT (especially if forging is now resulting in node coins)

Etherium are requiring ETH to be the oil of every transaction and that will drive both ETH usage and the etherium platform as a whole. here is seems to NOt be the case. am I wrong?

At least you need Nxt to issue Asset, right?

[ChuckOne]

Nxt is not a coin. NXT is a coin, token, fee ticket, whatever...

I can understand a coin- token on top of decentralized platform. I cant understand a coin that is also the platform and building block of a free network. theoratically- all entrepreneurs can use  the network create coins on top of it and other assets, pay dividends and gamble, and NEVER require the use of a single NXT (especially if forging is now resulting in node coins)

Etherium are requiring ETH to be the oil of every transaction and that will drive both ETH usage and the etherium platform as a whole. here is seems to NOt be the case. am I wrong?

You need NXT as the basis payment currency as you need ETH.

[igmaca]

Nxt is not a coin. NXT is a coin, token, fee ticket, whatever...

I can understand a coin- token on top of decentralized platform. I cant understand a coin that is also the platform and building block of a free network. theoratically- all entrepreneurs can use  the network create coins on top of it and other assets, pay dividends and gamble, and NEVER require the use of a single NXT (especially if forging is now resulting in node coins)

Etherium are requiring ETH to be the oil of every transaction and that will drive both ETH usage and the etherium platform as a whole. here is seems to NOt be the case. am I wrong?

if you want to use AE nxt you have to use Nxt coins to pay the fees

AE NXT charges a small Nxt coin fee for each transaction and distributes the fee to the active nodes

[ShroomsKit_Disgrace]

Nxt Mining Pool Bounty posted @ Nextcoin.org

https://nextcoin.org/index.php/topic,4399.0.html

Initially seeded with 20k, please feel free to follow the link and donate additional funds to the posted address.  My initial 20k are being sent to that address (from cryptsy) hopefully they will show up before Monday.

This looks REALLY promising!!

[Redawn]

All right people please explain this to me;

Is it possible that some criminal have an automatic bot that all day long is guessing the secret passphrase for NXT accounts. If the bot found a passphrase that GOT some NXT in it, send it to one allocated account and if there is NOT NXT proceed to next guessing. If you do this with very power computer / bot for a long time this will have success. How long will it take that the NXT accounts are all discovered?

Can we build something to prevent this?

[FrictionlessCoin]

If we agree that it is no ordinary coin for the above reasons, then we should consider Ricky's point about NodeCoin altering the very fabric of Nxt; and not just brushing it aside as just a coin anybody can create on top of Nxt.

Personally...  I do view Nodecoin as just a project/asset/coin...  but let me make one thing clear...  IF the intention of "Nodecoin should be redeemable for accessing services (DAC, NxtCash, whatever)" was to exclude NXT from being used as well...  then it is definitely a NO GO.

I Agree...

Last time I checked, the only reason to any Nxt service (DAC, NxtCash) was to spend/receive Nxt, so why would using any of those services exclude Nxt?  We have a Nxt platform and apart from the core, anyone should be allowed to develop anything they want on top of it.  If we don't encourage complete openness to our platform, others will develop in alt POS coins.  

The fact that this forum is having philosophical issues with NodeCoin should tell you that there is something fundamentally wrong with the way Nxt implements Assets.  

It is not only Nxt that has this problem,  Mastercoin also has the same problem.  

[rdanneskjoldr]

All right people please explain this to me;

Is it possible that some criminal have an automatic bot that all day long is guessing the secret passphrase for NXT accounts. If the bot found a passphrase that GOT some NXT in it, send it to one allocated account and if there is NOT NXT proceed to next guessing. If you do this with very power computer / bot for a long time this will have success. How long will it take that the NXT accounts are all discovered?

Can we build something to prevent this?

1561456156156156154165146123 years. You can start now!

[opticalcarrier]

All right people please explain this to me;

Is it possible that some criminal have an automatic bot that all day long is guessing the secret passphrase for NXT accounts. If the bot found a passphrase that GOT some NXT in it, send it to one allocated account and if there is NOT NXT proceed to next guessing. If you do this with very power computer / bot for a long time this will have success. How long will it take that the NXT accounts are all discovered?

Can we build something to prevent this?

they are already doing something much better than you describe.  prevention is having a strong passphrase

[FrictionlessCoin]

All right people please explain this to me;

Is it possible that some criminal have an automatic bot that all day long is guessing the secret passphrase for NXT accounts. If the bot found a passphrase that GOT some NXT in it, send it to one allocated account and if there is NOT NXT proceed to next guessing. If you do this with very power computer / bot for a long time this will have success. How long will it take that the NXT accounts are all discovered?

Can we build something to prevent this?

Yes,  this was discussed a while back ago.    Happens all the time with Nxt implementation of 'secret passphrase'.  Some out there is constanly mining for passwords.   In fact DoctorEvil who cracked the genesis account a while back ago said that a big percentage of coin in 'mineable' in this way.

[opticalcarrier]

If we agree that it is no ordinary coin for the above reasons, then we should consider Ricky's point about NodeCoin altering the very fabric of Nxt; and not just brushing it aside as just a coin anybody can create on top of Nxt.

Personally...  I do view Nodecoin as just a project/asset/coin...  but let me make one thing clear...  IF the intention of "Nodecoin should be redeemable for accessing services (DAC, NxtCash, whatever)" was to exclude NXT from being used as well...  then it is definitely a NO GO.

I Agree...

Last time I checked, the only reason to any Nxt service (DAC, NxtCash) was to spend/receive Nxt, so why would using any of those services exclude Nxt?  We have a Nxt platform and apart from the core, anyone should be allowed to develop anything they want on top of it.  If we don't encourage complete openness to our platform, others will develop in alt POS coins.  

The fact that this forum is having philosophical issues with NodeCoin should tell you that there is something fundamentally wrong with the way Nxt implements Assets.  

It is not only Nxt that has this problem,  Mastercoin also has the same problem.  

its not a problem.  some people are just ignorant of the facts of how NXT works, and how an asset works.

[redsn0w]

All right people please explain this to me;

Is it possible that some criminal have an automatic bot that all day long is guessing the secret passphrase for NXT accounts. If the bot found a passphrase that GOT some NXT in it, send it to one allocated account and if there is NOT NXT proceed to next guessing. If you do this with very power computer / bot for a long time this will have success. How long will it take that the NXT accounts are all discovered?

Can we build something to prevent this?

1561456156156156154165146123 years. You can start now!

 

[Eadeqa]

" How long will it take that the NXT accounts are all discovered?"

If the password is strong, it will take trillions of years.

Can we build something to prevent this?

Yes enforce stronger password/pass phrase usage.

[bitcoinpaul]

Nxt is not a coin. NXT is a coin, token, fee ticket, whatever...

I can understand a coin- token on top of decentralized platform. I cant understand a coin that is also the platform and building block of a free network. theoratically- all entrepreneurs can use  the network create coins on top of it and other assets, pay dividends and gamble, and NEVER require the use of a single NXT (especially if forging is now resulting in node coins)

Etherium are requiring ETH to be the oil of every transaction and that will drive both ETH usage and the etherium platform as a whole. here is seems to NOt be the case. am I wrong?

You need NXT as the basis payment currency as you need ETH.

+1

Don't know what freedomfighter is talking about.

By the way, Beyoncé himself stated long time ago that NXT, in his vision, is used to store value and coins-on-top will be used for daily transactions. That might change when we have TF, instant transactions and fractional NXT in place. Then NXT will be used for daily transactions.

So: moon.

[salsacz]

http://www.dcmagnates.com/coinpayments-we-will-continue-operations-after-march-31-sale/