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Author Topic: Advising the NXT newbie in line...  (Read 619 times)
cameronjmcphail
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December 29, 2013, 06:43:45 AM
 #1

Hey all.

So I've been swayed by NXT. Really interesting coin which seem, as a nonClone, to compliment the current BTC and altcoin market rather than compete. I like this.

Getting in late and currently being broke I'm wondering whether I should even be running a node however. Any advice. Installed today and managed to score 8 NXT from the two faucets but what I'm reading suggests the 8 NXT is no where near enough to have a shit-chance in hell of scoring a block in the future. Unless I'm crazy lucky which I'm lead to believe I am not (This was proven to me by a week of MemoryCoin2.0 mining straight after launch haha).

So can anyone clarify what the minimum NXT would be to have to make POS 'forging' worth persisting with? I'll likely keep a node running anyway since I believe this coin has a future and any help I can give has it's own reward but it would be nice to know if I will earn anything tangible from it.

Cheers, and thanks for all the wonderful threads. Awesome community here.

...Oh and mandatory begging...PLEASE... I can pay in respect and admiration:

66775973406006547

If I was a dev I would create the RAT. Rice Analogue Trader.  I would be combined Pow/Pos and Pow would be CPU only in a way similar to XPM, as in it would contribute to the scientific community. Preferably running some genetic algorithms or some such fancy talk.  A tiny fraction of every transaction would become part of a fund which automatically and securely distributed it's RATs to a series of charities which worked towards creating food security in area's affected by climate change and what not.
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k33k
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December 29, 2013, 06:49:42 AM
 #2

Getting in late and currently being broke I'm wondering whether I should even be running a node however.

Luckily for you, getting in late doesn't matter much when the coin is 100% premined.
markm
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December 29, 2013, 06:52:46 AM
 #3

The coin isn't important, the technology is.

Once the technology works presumably many many coins will be able to migrate to it, such as all the coins currently using blockchains that they are unable to secure.

Maybe even also some of those that already moved away from un-secure-able blockchains to Open Transactions.

-MarkM-

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cameronjmcphail
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December 29, 2013, 07:07:14 AM
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Thanks MarkM. I have so much to learn about Cryptos in general yet, let alone NXT's technology.

So it sounds like I'm right to be interested in what's being developed here but not necessarily this first iteration of it.

Much study to do... Wish I could contribute in some real way.

If I was a dev I would create the RAT. Rice Analogue Trader.  I would be combined Pow/Pos and Pow would be CPU only in a way similar to XPM, as in it would contribute to the scientific community. Preferably running some genetic algorithms or some such fancy talk.  A tiny fraction of every transaction would become part of a fund which automatically and securely distributed it's RATs to a series of charities which worked towards creating food security in area's affected by climate change and what not.
Anon136
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December 29, 2013, 07:14:19 AM
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Maybe even also some of those that already moved away from un-secure-able blockchains to Open Transactions.


i wonder if you could elaborate on this comment. what are some of these un-secure-able blockchains that have moved to Open Transactions? also i recognized the potential behind the ideas behind nxt and purchased some accordingly. your comment makes me curious whether that choice could have been a mistake EVEN THOUGH the ideas are groundbreaking.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
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December 29, 2013, 12:31:45 PM
 #6

The coin isn't important, the technology is.

+1000
markm
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December 29, 2013, 12:36:30 PM
Last edit: December 08, 2016, 06:57:37 AM by markm
 #7


Maybe even also some of those that already moved away from un-secure-able blockchains to Open Transactions.


i wonder if you could elaborate on this comment. what are some of these un-secure-able blockchains that have moved to Open Transactions? also i recognized the potential behind the ideas behind nxt and purchased some accordingly. your comment makes me curious whether that choice could have been a mistake EVEN THOUGH the ideas are groundbreaking.

UKB, CDN, GMC, GRF, MBC, NKL, UNS ...

http://galaxies.mygamesonline.org/digitalisassets.html

-MarkM-

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Ebrelus
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December 29, 2013, 01:41:27 PM
 #8

cameronjmcphail: Both Nxt and eMunie are worth keeping eye on them. But better to stay away from Ripple scam.

Also i would advice you to change account for one with longer password just in case...  

There is much study to do for us all to better understand comming opportunities and some dangers also to be able to spread the word about for others in simple language.
bitcoinpaul
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December 29, 2013, 01:57:01 PM
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The coin isn't important, the technology is.

+1000

x 10
cameronjmcphail
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December 29, 2013, 06:24:01 PM
 #10

Thanks Ebrelus, This is actually where I'm leaning. Have been donated a couple of hundred NXT from a currently unknown source so think I'll just keep an eye on it. Leave it running on one of my systems.

What do you mean about changing account for a longer password. Do you know my password? Are my security practices so pathetic?

I guess these are the early days of decentralised crypto-currencies. Best to keep an eye on everything.

If I was a dev I would create the RAT. Rice Analogue Trader.  I would be combined Pow/Pos and Pow would be CPU only in a way similar to XPM, as in it would contribute to the scientific community. Preferably running some genetic algorithms or some such fancy talk.  A tiny fraction of every transaction would become part of a fund which automatically and securely distributed it's RATs to a series of charities which worked towards creating food security in area's affected by climate change and what not.
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