FrictionlessCoin (OP)
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January 23, 2014, 10:28:14 PM Last edit: September 15, 2014, 10:36:41 AM by FrictionlessCoin |
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NEX (NEX is an EXchange) Coin50,000,000 NEX has been issued in the Nxt Asset Exchange.
Asset Id: 4420962345269767688 https://trade.secureae.com/#4420962345269767688
Please send PM from the account you signified in your original pledge.
Please wait for a confirmation message as to the amount of NEX you will be allowed to purchase.
Any NEX that have not been purchased through this method will be offered to participants in the waiting list and on the open market. Use: http://www.nexcoin.net/ to express interest! Google Doc Spreadheet of NEX allocation: https://docs.google.com/a/codeaudit.com/spreadsheet/ccc?key=0AhwgzhIO_YCedEM4Tld4V05JRXh5Z09ZZS1KR2JYa0E#gid=0NEX distribution to be fair to all will be merit based. You automatically get a percentage of NEX if you show interest. You get a percentage every time you contribute to NEX. For the Nxt users who feel disenfranchised, we will allocate 5% of NEX that they can purchase in exchange for NXT. We will offer a steep discount of 1 NXT for 50 NEX. 5% of NEX is 50 million coins, this is a hard limit. Nxt Coin holders are limited to 500,000 NEX per user. The offer ends when NEX is distributed or the 5% is exhausted. Nxt owners... this is your opportunity to become an early adopter. Please post here to signify your interest in performing the exchange. Please include the amount of Nxt you want to exchange. We will only accept 1 million Nxt. This is a hard limit. This offer is open now and will close when 1 million Nxt is reached. We reserve the right to cancel any request. News: The genesis account from where all Nxt coins comes from was just recently compromised: Fun fact: the genesis account http://www.mynxt.info/blockexplorer/details.php?action=ac&ac=1739068987193023818 that credited all the original stakeholders used this passphrase: Quote from: 1984 - George Orwell It was a bright cold day in April, and the clocks were striking thirteen. As I've pointed out in my first post https://nextcoin.org/index.php/topic,3608.msg34002.html1.5% of NXT accounts are trivially crackable with a 15 line script and a widely-available passphrase list (the rockyou leak dataset). I've let my script keep running on more lists since then and at current measure have recovered the passphrases of a little more than 3% of all accounts that have ever been used. Since genesis ~8M NXT has been sent to these "weak" accounts. As I pointed out in my original post, my motivation for doing this was to investigate the root cause of the rash of thefts that had been reported (since I suspected weak passphrases) as well as prod the devs to drop the brainwallet-based key management scheme as the default option. I actually cracked the genesis account a few days ago but originally thought my code was just buggy when I saw it's balance was negative ... LOL. As a side note, I should point out that widespread knowledge of the genesis account key isn't a security issue per se. Although I'd advise devs to be defensive moving forward about the possibility of integer overflow/underflow whenever dealing with amounts/fees now that the whole world has access to an account with a negative balance. 5000, OOO 1000, romawi 10000, garicup 10000, nomailing 20000, canth <--- exceeds limit 10000, chetalk 3000, kolbas 10000, teco051 10000, bitular 8000, indigon 4000, homerzhu 2000, nfigueir 5000, tobyliciously 10000, atomiclock 1000, hvezdasmrti 10000, smophf7 10000, ow48uh 10000, rioshock2 1000, fragout 10000, sottymax 4000, LeFiste 10000, soarlyzed 10000, snipedrunk 2000, Swisscoin 5000, dannac 10000, fibbonac1z 10000, vemdoctor9 5000, Siegtal81 5000 irrawaddybtc 10000 Franconomasky 2000 cntrlsquare 10000 Jaguar0625 5000 NapoBear 10000 tylenol3mit 6000 dlog 1000 toolatetoberich? 2465 eXme 10000 miramare 1000 langkeming 1000 steyast012 1100 alrose 7000 bitfromit 1000 icoinv 4000 lenco 1000 Msile 10000 ripplebtc 10000 cremstopper 10000 jajansen 2683 lonesoul 5000 zurra 5000 td services 10000 lda1000 7000 SyRenity 10000 wallacemckart 10000 Attack.of.the.Clones 3000 serogen 4000 atleticofa 7500 Kuttingco 7500 Kuttingcorners 10000 User705 1000 tk808 1000 virtualaddict 10000 Revelations86 2500 psybits 10000 aa417444103 408,000 total <-- 40% of Limit Limit is 1,000,000 NXT Limit 10,000 NXT per User Amounts under 1000 NXT not listed here but will be included Appears to be around 100,000 NXT commitments per day. This will likely close in 7 days. So don't forget to make your reservation.
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FrictionlessCoin (OP)
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January 23, 2014, 10:29:41 PM |
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5000, OOO 1000, romawi 10000, garicup 10000, nomailing 20000, canth <--- exceeds limit 10000, chetalk 3000, kolbas 10000, teco051 10000, bitular 8000, indigon 4000, homerzhu 2000, nfigueir 5000, tobyliciously 10000, atomiclock 1000, hvezdasmrti 10000, smophf7 10000, ow48uh 10000, rioshock2 1000, fragout 10000, sottymax 4000, LeFiste 10000, soarlyzed 10000, snipedrunk 2000, Swisscoin 5000, dannac 10000, fibbonac1z 10000, vemdoctor9 5000, Siegtal81 5000 irrawaddybtc 10000 Franconomasky 2000 cntrlsquare 10000 Jaguar0625 5000 NapoBear 10000 tylenol3mit 6000 dlog 1000 toolatetoberich? 2465 eXme 10000 miramare 1000 langkeming 1000 steyast012 1100 alrose 7000 bitfromit 1000 icoinv 4000 lenco 1000 Msile 10000 ripplebtc 10000 cremstopper 10000 jajansen 2683 lonesoul 5000 zurra 5000 td services 10000 lda1000 7000 SyRenity 10000 wallacemckart 10000 Attack.of.the.Clones 3000 serogen 4000 atleticofa 7500 Kuttingco 7500 Kuttingcorners 10000 User705 1000 tk808 1000 virtualaddict 10000 Revelations86 2500 psybits 10000 aa417444103 1000 sydorFunk 2500 silanmil 9500 solracx 9500 Come-from-Beyond 10000 hunglejungle 5000 godt 10000 olano 1000 mingophoria 2000 yshuifejng 7500 mattmct 2000 Onkel S. 2000 Microove 1000 Maverick69 5000 kavin2468
475,000 total <-- 47% of Limit Limit is 1,000,000 NXT Limit 10,000 NXT per User Amounts under 1000 NXT not listed here but will be included
Appears to be around 100,000 NXT commitments per day. This will likely close in 7 days. So don't forget to make your reservation.
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steyast012
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January 24, 2014, 12:11:37 AM |
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5000000000 is better, so the price will not be too high, will be more attractive.
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FrictionlessCoin (OP)
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January 24, 2014, 12:20:36 AM |
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5000000000 is better, so the price will not be too high, will be more attractive.
Not sure what you mean.
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lenco
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January 24, 2014, 03:46:40 AM |
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so,this is like a pre-pre-sale? We just enrolled,when you are ready, then the exchange begins!?? wow,this is much better than NXT, the early NXT shareholder has a 20000X pay back!!!! That' within no more than half a year. I hate people crowed to buy NXT.
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FrictionlessCoin (OP)
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January 24, 2014, 03:55:47 AM |
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so,this is like a pre-pre-sale? We just enrolled,when you are ready, then the exchange begins!?? wow,this is much better than NXT, the early NXT shareholder has a 20000X pay back!!!! That' within no more than half a year. I hate people crowed to buy NXT.
Yes, just reserve. When the coin is available, then you can purchase. You can back out anytime. The NXT folks keep screaming its a scam, but they are just saying this to scare away competitors. I assure you, this is the real deal. Think about the flaws of Nxt: (1) No database. (2) Poor wallet security. (3) Insecure proof of stake scheme. (4) Difficult address formatting. (5) Closed source (6) Anonymous founder and anonymous developers (7) 21 BTC buy 100% of 1 billion coins, how fair is that? ( Uneven distribution, 4 guys have like 70% of all the coins.
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FrictionlessCoin (OP)
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January 24, 2014, 04:13:49 AM Last edit: January 24, 2014, 04:28:27 AM by FrictionlessCoin |
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This is a graph of the original NXT distribution. 73 accounts. Here are the numbers: 36742 1970092 349130 24880020 2867856 9975150 2690963 7648 5486333 34913026 997515 30922966 6650 44888 2468850 49875751 <-- Did he pay in? 49875751 <-- Did he pay in? 9476393 49875751 <-- Did he pay in? 14887912 528683 583546 7315 19925363 29856290 5320 4987575 5985 24912938 49875751 <-- Did he pay in? 2724712 1482474 200999 1476156 498758 987540 16625250 5264386 15487585 2684479 14962725 34913026 5033128 2916900 49875751 <-- Did he pay in? 4962637 170486123 <--- 170 million Nxt 8644631 22166945 6668388 233751 4987575 11083556 1845403 49876 3491 3491 9476 49876 6151 682633 49875751 <-- Did he pay in? 482964 4988 49875751 <-- Did he pay in? 4988 9144 503745 49875751 <-- Did he pay in? Yup, 50million each 52370 29437998 585375 9975150
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salsacz
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January 24, 2014, 05:07:02 AM |
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This is the FAIR distribution (100% proof of stake) that the Nxt folks are so proud of: 170486123 <--- 170 million Nxt
Looks like 9 guys have a lot of stake.
170 mega account didn't belong to anyone, it was used for unclaimed coins, they were being given to their owners till 3 January. This is a real and fair Nxt distribution, do not listen to his liar.
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FrictionlessCoin (OP)
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January 24, 2014, 05:11:34 AM |
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This is the FAIR distribution (100% proof of stake) that the Nxt folks are so proud of: 170486123 <--- 170 million Nxt
Looks like 9 guys have a lot of stake.
170 mega account didn't belong to anyone, it was used for unclaimed coins, they were being given to their owners till 3 January. Hmmmm.... okay.... still you have 8 accounts that is 40%. What about those accounts. Who did it go to?
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aTriz
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January 24, 2014, 05:14:11 AM |
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Put me down!
10,000 nxt
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salsacz
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January 24, 2014, 05:15:19 AM |
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This is the FAIR distribution (100% proof of stake) that the Nxt folks are so proud of: 170486123 <--- 170 million Nxt
Looks like 9 guys have a lot of stake.
170 mega account didn't belong to anyone, it was used for unclaimed coins, they were being given to their owners till 3 January. Hmmmm.... okay.... still you have 8 accounts that is 40%. What about those accounts. Who did it go to? to everyone who paid 1 Bitcoin
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FrictionlessCoin (OP)
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January 24, 2014, 05:16:36 AM |
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This is the FAIR distribution (100% proof of stake) that the Nxt folks are so proud of: 170486123 <--- 170 million Nxt
Looks like 9 guys have a lot of stake.
170 mega account didn't belong to anyone, it was used for unclaimed coins, they were being given to their owners till 3 January. Hmmmm.... okay.... still you have 8 accounts that is 40%. What about those accounts. Who did it go to? to everyone who paid 1 Bitcoin Okay... did the original devs get any coin? Is so, how much?
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salsacz
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January 24, 2014, 05:18:05 AM |
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This is the FAIR distribution (100% proof of stake) that the Nxt folks are so proud of: 170486123 <--- 170 million Nxt
Looks like 9 guys have a lot of stake.
170 mega account didn't belong to anyone, it was used for unclaimed coins, they were being given to their owners till 3 January. Hmmmm.... okay.... still you have 8 accounts that is 40%. What about those accounts. Who did it go to? to everyone who paid 1 Bitcoin Okay... did the original devs get any coin? Is so, how much? Q: how many bitcoins are you going to contribute? (Are you going to keep the coins you contributed yourself? Or you will take a creator cut (certain %) BCNext:: I don't know how much I will contribute. This depends on the price of Bitcoin and some other factors. These bitcoins, like the others, will be used to pay bounties for development. No creator cut. What happened with the 21 Bitcoins? Bitcoins were required to determine how to split the stake among founders. That's why BCNext asked for tiny amounts. These bitcoins were used to fund development but they covered only part of expenses. When people talk about Nxt IPO they forget about this important detail. 21 Bitcoins were used as a token amount. They didn’t represent any real world development costs. BCNext did everything only for the people, not for the money. The original funding period was open for over a month and a half. That was more than enough time for everyone who wanted to invest to invest. The only reason he only collected 21 BTC was because there was very little interest. No matter when the IPO period ends there will always be people who are "left out". You could conduct the IPO over a period of a thousand years and there would still be people "left out".
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FrictionlessCoin (OP)
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January 24, 2014, 05:20:54 AM |
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This is the FAIR distribution (100% proof of stake) that the Nxt folks are so proud of: 170486123 <--- 170 million Nxt
Looks like 9 guys have a lot of stake.
170 mega account didn't belong to anyone, it was used for unclaimed coins, they were being given to their owners till 3 January. Hmmmm.... okay.... still you have 8 accounts that is 40%. What about those accounts. Who did it go to? to everyone who paid 1 Bitcoin Okay... did the original devs get any coin? Is so, how much? Q: how many bitcoins are you going to contribute? (Are you going to keep the coins you contributed yourself? Or you will take a creator cut (certain %) BCNext:: I don't know how much I will contribute. This depends on the price of Bitcoin and some other factors. These bitcoins, like the others, will be used to pay bounties for development. No creator cut. What happened with the 21 Bitcoins? Bitcoins were required to determine how to split the stake among founders. That's why BCNext asked for tiny amounts. These bitcoins were used to fund development but they covered only part of expenses. When people talk about Nxt IPO they forget about this important detail. 21 Bitcoins were used as a token amount. They didn’t represent any real world development costs. BCNext did everything only for the people, not for the money. The original funding period was open for over a month and a half. That was more than enough time for everyone who wanted to invest to invest. The only reason he only collected 21 BTC was because there was very little interest. No matter when the IPO period ends there will always be people who are "left out". You could conduct the IPO over a period of a thousand years and there would still be people "left out". Do you have text that explains the 170 million unclaimed.
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lenco
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January 24, 2014, 06:28:49 AM |
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This is the FAIR distribution (100% proof of stake) that the Nxt folks are so proud of: 170486123 <--- 170 million Nxt
Looks like 9 guys have a lot of stake.
170 mega account didn't belong to anyone, it was used for unclaimed coins, they were being given to their owners till 3 January. Hmmmm.... okay.... still you have 8 accounts that is 40%. What about those accounts. Who did it go to? He blurred something, that is ,the NXT owner are far far fewer than BTC, let alone USD. ever though bitcoin is 0.005% holding 28%, it's sill more more more than NXT's counterpart. 0.001% Americans has 30% USD, that is Americans' population × 0.001%,maybe (I guess) more than all of NXT owner.
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tk808
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Invest in your knowledge
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January 24, 2014, 06:59:09 AM |
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Friction add my cap to 2000 NXT
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cc5alive
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January 24, 2014, 07:26:33 AM |
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I just PM'ed and would like to invest 10,000 NXT.
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Bourbon44
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January 24, 2014, 07:42:03 AM |
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I would like to go in for 2500 NXT
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LiQio
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January 24, 2014, 08:11:49 AM |
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(1) No database. (2) Poor wallet security. (3) Insecure proof of stake scheme. (4) Difficult address formatting. (5) Closed source (6) Anonymous founder and anonymous developers (7) 21 BTC buy 100% of 1 billion coins, how fair is that? ( Uneven distribution, 4 guys have like 70% of all the coins. Please let us know what NEX will do compared to NXT. (1 ) What database will you implement? What programming language btw.? (2 ) How is the proposed security mechanism? Some pseudo-code would be nice. (3 ) How is the currently implemented PoS insecure? How do you intend to improve it? Give some technical details please. (4 ) How is the address space of NEX designed? (5 ) Where did you upload the alpha version of NEX? It's open from the beginning I assume, right? (6 ) You are Carlos Perez, correct? Who are your developers? (7 ) You plan to rise 1 Mio NXT as buyin, how is that fair compared to the 21 BTCs? (8 ) How will you defend issuing NEX to the same guys (sockpuppet problem)? What will be your stake in NEX? What stakes will your partners and developers get? I'm looking forward to your honest and detailed answers.
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extee
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January 24, 2014, 08:26:37 AM Last edit: January 24, 2014, 10:57:33 AM by extee |
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I'm revising my original 500Nxt pledge to just 50Nxt =2500 Nex reason is Nex is not gonna be a Nxt clone as you originally announced (and many pledged their nxt based on that asumption). I appreciate that you are now trying to do something different/better as you say but it won't be easy and if you pull it off will take too much time. also closing the original thread cos you couldn't moderate it made me more cautious gl
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unsure
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January 24, 2014, 08:37:13 AM |
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50 NXT for 2500 NEX pledged.
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FrictionlessCoin (OP)
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January 24, 2014, 10:17:59 AM |
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(1) No database. (2) Poor wallet security. (3) Insecure proof of stake scheme. (4) Difficult address formatting. (5) Closed source (6) Anonymous founder and anonymous developers (7) 21 BTC buy 100% of 1 billion coins, how fair is that? ( Uneven distribution, 4 guys have like 70% of all the coins. Please let us know what NEX will do compared to NXT. (1 ) What database will you implement? What programming language btw.? -> LevelDB. Java (2 ) How is the proposed security mechanism? Some pseudo-code would be nice. -> Bitcoin like Wallet (3 ) How is the currently implemented PoS insecure? How do you intend to improve it? Give some technical details please. -> Hybrid with Proof of Burn (4 ) How is the address space of NEX designed? -> NEX id is just the public key of the user pass phrase. There is no checksum. There is no user recognizable identifier that it is a NEX id. Public key therefore can be hacked because pass pass phrase follows human patterns. (5 ) Where did you upload the alpha version of NEX? It's open from the beginning I assume, right? -> When available, we will people know. (6 ) You are Carlos Perez, correct? Who are your developers? -> Carlos Perez is the lead developer. (7 ) You plan to rise 1 Mio NXT as buyin, how is that fair compared to the 21 BTCs? -> We limit the amount of NXT you can buy. We keep it open until all 1 million is consumed. We do not close it early. (8 ) How will you defend issuing NEX to the same guys (sockpuppet problem)? What will be your stake in NEX? What stakes will your partners and developers get? -> We have are engaging several partners and this has yet to be determines. The final distribution will be let know before a single NXT cent is spent. Oh... sorry... did not realize that NXT doesn't have decimal places. Best of luck with your Nxt.
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rb2
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January 24, 2014, 10:42:35 AM |
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1000 Nxt if this materialises
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LiQio
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January 24, 2014, 10:46:23 AM |
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(1) No database. (2) Poor wallet security. (3) Insecure proof of stake scheme. (4) Difficult address formatting. (5) Closed source (6) Anonymous founder and anonymous developers (7) 21 BTC buy 100% of 1 billion coins, how fair is that? ( Uneven distribution, 4 guys have like 70% of all the coins. Please let us know what NEX will do compared to NXT. (1 ) What database will you implement? What programming language btw.? -> LevelDB. Java (2 ) How is the proposed security mechanism? Some pseudo-code would be nice. -> Bitcoin like Wallet (3 ) How is the currently implemented PoS insecure? How do you intend to improve it? Give some technical details please. -> Hybrid with Proof of Burn (4 ) How is the address space of NEX designed? -> NEX id is just the public key of the user pass phrase. There is no checksum. There is no user recognizable identifier that it is a NEX id. Public key therefore can be hacked because pass pass phrase follows human patterns. (5 ) Where did you upload the alpha version of NEX? It's open from the beginning I assume, right? -> When available, we will people know. (6 ) You are Carlos Perez, correct? Who are your developers? -> Carlos Perez is the lead developer. (7 ) You plan to rise 1 Mio NXT as buyin, how is that fair compared to the 21 BTCs? -> We limit the amount of NXT you can buy. We keep it open until all 1 million is consumed. We do not close it early. (8 ) How will you defend issuing NEX to the same guys (sockpuppet problem)? What will be your stake in NEX? What stakes will your partners and developers get? -> We have are engaging several partners and this has yet to be determines. The final distribution will be let know before a single NXT cent is spent. Oh... sorry... did not realize that NXT doesn't have decimal places. Best of luck with your Nxt. (1 ) What database will you implement? What programming language btw.? -> LevelDB. Java
thanks (3 ) How is the currently implemented PoS insecure? How do you intend to improve it? Give some technical details please.
How is it insecure? -> Hybrid with Proof of Burn
Details? (4 ) How is the address space of NEX designed? -> NEX id is just the public key of the user pass phrase. There is no checksum. There is no user recognizable identifier that it is a NEX id. Public key therefore can be hacked because pass pass phrase follows human patterns.
Ok (5 ) Where did you upload the alpha version of NEX? It's open from the beginning I assume, right? -> When available, we will people know.
ok, eta (weeks? months? years?) (6 ) You are Carlos Perez, correct? Who are your developers? -> Carlos Perez is the lead developer.
thanks, founder=lead developer=carlos perez CV? other devs? still a bit foggy elsewise... (7 ) You plan to rise 1 Mio NXT as buyin, how is that fair compared to the 21 BTCs? -> We limit the amount of NXT you can buy. We keep it open until all 1 million is consumed. We do not close it early.
what if you don't reach the million? closing date? (8 ) How will you defend issuing NEX to the same guys (sockpuppet problem)? What will be your stake in NEX? What stakes will your partners and developers get? -> We have are engaging several partners and this has yet to be determines. The final distribution will be let know before a single NXT cent is spent. Oh... sorry... did not realize that NXT doesn't have decimal places.
open: How will you defend issuing NEX to the same guys (sockpuppet problem)? Best of luck with your Nxt.
Oh, flattering, but NXT is not mine at all, but I think NXT is great nevertheless!
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Damelon
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January 24, 2014, 10:58:06 AM |
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This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
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notsoshifty
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January 24, 2014, 12:29:07 PM |
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I'm revising my original 500Nxt pledge to just 50Nxt =2500 Nex reason is Nex is not gonna be a Nxt clone as you originally announced (and many pledged their nxt based on that asumption). I appreciate that you are now trying to do something different/better as you say but it won't be easy and if you pull it off will take too much time. also closing the original thread cos you couldn't moderate it made me more cautious gl
Extee - you might want to change your mind again! NEX will be a Nxt clone with only one or two changes: No just straight clone.
Maybe just the address to the way bitcoin does it..... maybe just that.
Or if easy, replace also the persistence implementation.
Replace persistence after first release.
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FrictionlessCoin (OP)
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January 24, 2014, 12:43:34 PM |
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I'm revising my original 500Nxt pledge to just 50Nxt =2500 Nex reason is Nex is not gonna be a Nxt clone as you originally announced (and many pledged their nxt based on that asumption). I appreciate that you are now trying to do something different/better as you say but it won't be easy and if you pull it off will take too much time. also closing the original thread cos you couldn't moderate it made me more cautious gl
Extee - you might want to change your mind again! NEX will be a Nxt clone with only one or two changes: No just straight clone.
Maybe just the address to the way bitcoin does it..... maybe just that.
Or if easy, replace also the persistence implementation.
Replace persistence after first release.
I will announce a new coin NIX... Just a few changes.... designed for quick release. So instead of the 5% distribution here, it will be 100%. This is a straight NXT clone.
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Bourbon44
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January 24, 2014, 07:03:00 PM Last edit: January 24, 2014, 07:49:41 PM by Bourbon44 |
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A couple of questions, these might be silly, but I'll try anyway: Will the option to invest remain open until you have received 1M NXT or will the window close at some time whether or not the 1M NXT pledges have been received? Edit: I guess this was answered above. If you do receive 1M NXT pledges, and not all who pledge actually invest, what will be done with the remaining NEX allocated for NXT users? Will there be an option to come in and buy up the remaining shares? Will the 10,000 NXT cap be lifted for those who would like to buy more? Edit: It seems like this option could remain open for quite some time if not everyone invests. How often will the pledge list be updated so that we know that our pledge has been recorded? Looking forward to trying this out. Cheers.
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FrictionlessCoin (OP)
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January 24, 2014, 08:27:30 PM |
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A couple of questions, these might be silly, but I'll try anyway: Will the option to invest remain open until you have received 1M NXT or will the window close at some time whether or not the 1M NXT pledges have been received? Edit: I guess this was answered above. If you do receive 1M NXT pledges, and not all who pledge actually invest, what will be done with the remaining NEX allocated for NXT users? Will there be an option to come in and buy up the remaining shares? Will the 10,000 NXT cap be lifted for those who would like to buy more? Edit: It seems like this option could remain open for quite some time if not everyone invests. How often will the pledge list be updated so that we know that our pledge has been recorded? Looking forward to trying this out. Cheers. Because we can do it very quickly, we will release an industrial version of Nxt. All the coins will be distributed to 3 main parties, Visacoin victims, NXT exchangers and free loaders. We are giving this to the community to eventually promote and maintain. In short, we will create the crypto currency, but it is up to the community to adopt it and cultivate it.
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jl777
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January 24, 2014, 08:48:54 PM |
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A couple of questions, these might be silly, but I'll try anyway: Will the option to invest remain open until you have received 1M NXT or will the window close at some time whether or not the 1M NXT pledges have been received? Edit: I guess this was answered above. If you do receive 1M NXT pledges, and not all who pledge actually invest, what will be done with the remaining NEX allocated for NXT users? Will there be an option to come in and buy up the remaining shares? Will the 10,000 NXT cap be lifted for those who would like to buy more? Edit: It seems like this option could remain open for quite some time if not everyone invests. How often will the pledge list be updated so that we know that our pledge has been recorded? Looking forward to trying this out. Cheers. Because we can do it very quickly, we will release an industrial version of Nxt. All the coins will be distributed to 3 main parties, Visacoin victims, NXT exchangers and free loaders. We are giving this to the community to eventually promote and maintain. In short, we will create the crypto currency, but it is up to the community to adopt it and cultivate it. Just to make sure i understand you clearly, you will be copying the current nxt source code, making some industrial changes and then release the source code to the world. It will then be up to the nex community to adopt and cultivate it. Does that mean you wont provide any servers or support? What about industrial bug fixes, new versions? What will happen to all the investors funds if you just keep it all. What will you do with the $100000 worth of nxt you will get? Should you spend some of that on making sure the nex network actually works? Shouldn't you distibute the one million nxt to all the nex holders equally? Is that too much to expect? Would it impact profits too much Please do not mislead me James
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FrictionlessCoin (OP)
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January 24, 2014, 09:00:45 PM Last edit: January 24, 2014, 09:32:27 PM by FrictionlessCoin |
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Just to make sure i understand you clearly, you will be copying the current nxt source code, making some industrial changes and then release the source code to the world. It will then be up to the nex community to adopt and cultivate it. Does that mean you wont provide any servers or support? What about industrial bug fixes, new versions? What will happen to all the investors funds if you just keep it all.
What will you do with the $100000 worth of nxt you will get? Should you spend some of that on making sure the nex network actually works? Shouldn't you distribute the one million nxt to all the nex holders equally? Is that too much to expect? Would it impact profits too much Please do not mislead me
James
The coin will be created and sold to the community. All proceeds for the sale, just like the Nxt sale will go to the developer. So for BCNxt who created Nxt, he received 21 BTC. We hope to raise 1,000,000 NXT or equivalent to pay for development expenses. I hope the community will step up by running the necessary nodes to secure the network. We will provide instruction on how to to so. More details will follow when we have the coin ready for launch. Shares will be divided between Visacoin victims, NXT buyers and 'Interested' parties. All NXT buyers who reserved have the privilege to purchase the amount they reserved. 1 NXT would likely fetch around 500 of these coins. Yes, 500 coins, not 50 as previously allocated. So if 10,000 NXT was reserved, 5 million of these coins are expected. Let me know if that was clear.
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FrictionlessCoin (OP)
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January 24, 2014, 09:24:42 PM Last edit: January 24, 2014, 11:37:28 PM by FrictionlessCoin |
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5000, OOO 1000, romawi 10000, garicup 10000, nomailing 20000, canth <--- exceeds limit 10000, chetalk 3000, kolbas 10000, teco051 10000, bitular 8000, indigon 4000, homerzhu 2000, nfigueir 5000, tobyliciously 10000, atomiclock 1000, hvezdasmrti 10000, smophf7 10000, ow48uh 10000, rioshock2 1000, fragout 10000, sottymax 4000, LeFiste 10000, soarlyzed 10000, snipedrunk 2000, Swisscoin 5000, dannac 10000, fibbonac1z 10000, vemdoctor9 5000, Siegtal81 5000 irrawaddybtc 10000 Franconomasky 2000 cntrlsquare 10000 Jaguar0625 5000 NapoBear 10000 tylenol3mit 6000 dlog 1000 toolatetoberich? 2465 eXme 10000 miramare 1000 langkeming 1000 steyast012 1100 alrose 7000 bitfromit 1000 icoinv 4000 lenco 1000 Msile 10000 ripplebtc 10000 cremstopper 10000 jajansen 2683 lonesoul 5000 zurra 5000 td services 10000 lda1000 7000 SyRenity 10000 wallacemckart 10000 Attack.of.the.Clones 3000 serogen 4000 atleticofa 7500 Kuttingco 10000 Kuttingcorners 10000 User705 1000 tk808 1000 virtualaddict 10000 Revelations86 2500 psybits 10000 aa417444103 1000 sydorFunk 2500 silanmil 9500 solracx 9500 Come-from-Beyond 10000 hunglejungle 5000 godt 10000 olano 1000 mingophoria 2000 yshuifejng 7500 mattmct 2000 Onkel S. 2000 Microove 1000 Maverick69 5000 kavin2468
10000 atriz 2000 tk808 10000 cc5alive 2500 Bourbon44 2500 extee 1000 rb2 2000 waytogo
507,500 total <-- 50% of Limit Limit is 1,000,000 NXT Limit 10,000 NXT per User Amounts under 1000 NXT not listed here but will be included
Appears to be around 100,000 NXT commitments per day. This will likely close in 7 days. So don't forget to make your reservation.
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WayToGo
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January 24, 2014, 09:44:00 PM Last edit: March 31, 2014, 09:07:32 PM by WayToGo |
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I missed the NXT boat and I want to give this a go. I am pledging 2000NXT . I dont have any NXT now, but can buy some when you start collecting the pledged amounts.
Good luck with the project.
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B.T.Coin
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January 24, 2014, 09:53:36 PM |
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I will give this a shot for 500 NXT.
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A fine is a tax you pay for something you did wrong. A tax is a fine you pay for something you did right.
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Damelon
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January 24, 2014, 10:38:51 PM |
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Just to clear this up: You are raising 1000000 Nxt, which is at this moment worth 90 BTC which is around $ 72500.95 Will you be giving reports what the money is spent on, like any company does? I remind you: So it is clear, CodeAudit is a for-profit corporation incorporated in the state of Delaware.
FrictionlessCoin will be the brand for products that will create all kinds of crypto-currency software for sale.
One of these products may be a Nxt clone that we may offer for sale to the public.
Carlos Perez is a shareholder in CodeAudit Corp. "FrictionlessCoin" in this forum relates to the actions of the corporation. "solracx" in this forum relates to the actions of the person.
So it is even clearer to you, ZenithCoin is owned and by Carlos Perez. FrictionlessCoin created ZenithCoin.
FrictionlessCoin also is the lead developer for iXcoin and makes its software contributions for free for iXcoin.
FrictionlessCoin has other projects in the pipeline regarding crypto-currencies.
In short, if FrictionlessCoin decides that selling a Nxt clone has financial potential, then it is clearly within the laws of the United States of America and the State of Delaware to provide such software.
If you plan to work this as a company, your investors have a legal right to seeing the accounts, especially if such amounts of money are involved. I'm looking forward to your annual report to the State of Delaware and to the investors.
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FrictionlessCoin (OP)
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January 24, 2014, 10:47:49 PM Last edit: January 25, 2014, 02:13:50 AM by FrictionlessCoin |
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Just to clear this up:
You are raising 1000000 Nxt, which is at this moment worth 90 BTC which is around $ 72500.95
Will you be giving reports what the money is spent on, like any company does?
Sorry. This is a private company. How it spends its earnings are private. That is just the way it is. To re-iterate, the money is spent for development costs of the coin. Furthermore, the 1,000,000 Nxt may not fetch 90 BTC. We are in fact taking considerable risk by tying the price to Nxt. In fact, we rather not take Nxt as purchase price, but we don't know where else Nxt holders can spend their coins.
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gleydson
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January 24, 2014, 10:58:42 PM |
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ok.. I'm in where do i send the Nxt i have?
sorry if i missed instruction on how to reserve..
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notsoshifty
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January 24, 2014, 11:00:11 PM |
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In fact, we rather not take Nxt as purchase price, but we don't know where else Nxt holders can spend their coins.
Well, you could always open up your NEX/NIX IPO to other currencies (such as BTC), and let people pay using that instead of NXT? If NXT holders really want to get rid of their coins, they can do so at bter, dgex, etc. These exchanges work for me (although I do understand that your NXT deposit might not have cleared yet, due to it being just 1 NXT).
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FrictionlessCoin (OP)
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January 24, 2014, 11:04:06 PM |
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In fact, we rather not take Nxt as purchase price, but we don't know where else Nxt holders can spend their coins.
Well, you could always open up your NEX/NIX IPO to other currencies (such as BTC), and let people pay using that instead of NXT? If NXT holders really want to get rid of their coins, they can do so at bter, dgex, etc. These exchanges work for me (although I do understand that your NXT deposit might not have cleared yet, due to it being just 1 NXT). We can open up this option to the investors when payment is tendered.
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Kuttingcorners
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January 24, 2014, 11:11:30 PM |
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put me up to 10000 from 7500
thanks
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FrictionlessCoin (OP)
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January 25, 2014, 02:14:41 AM |
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ok.. I'm in where do i send the Nxt i have?
sorry if i missed instruction on how to reserve..
Just post how much NXT you want to reserve and we will add you to the list.
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standards
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January 25, 2014, 02:31:10 AM |
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2000NXT pledged.
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td services
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black swan hunter
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January 25, 2014, 02:32:25 AM |
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please revise 5000 NXT to 10,000 NXT for revised total 500,000 NEX
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username here
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January 25, 2014, 04:22:00 AM |
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Please put me down for 100 NXT, yeah I be rollin' heavy.
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gleydson
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January 25, 2014, 05:59:25 AM |
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500 Nxt pledged.
Add me to the list.
Thanks
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luckygenough56
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January 25, 2014, 07:05:40 AM |
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Count me in for 1500 NXT
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bluedude
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January 25, 2014, 08:14:06 AM |
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pledging 3000NXT
Thanks
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FrictionlessCoin (OP)
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January 25, 2014, 01:20:17 PM |
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5000, OOO 1000, romawi 10000, garicup 10000, nomailing 20000, canth <--- exceeds limit 10000, chetalk 3000, kolbas 10000, teco051 10000, bitular 8000, indigon 4000, homerzhu 2000, nfigueir 5000, tobyliciously 10000, atomiclock 1000, hvezdasmrti 10000, smophf7 10000, ow48uh 10000, rioshock2 1000, fragout 10000, sottymax 4000, LeFiste 10000, soarlyzed 10000, snipedrunk 2000, Swisscoin 5000, dannac 10000, fibbonac1z 10000, vemdoctor9 5000, Siegtal81 5000 irrawaddybtc 10000 Franconomasky 2000 cntrlsquare 10000 Jaguar0625 5000 NapoBear 10000 tylenol3mit 6000 dlog 1000 toolatetoberich? 2465 eXme 10000 miramare 1000 langkeming 1000 steyast012 1100 alrose 7000 bitfromit 1000 icoinv 4000 lenco 1000 Msile 10000 ripplebtc 10000 cremstopper 10000 jajansen 2683 lonesoul 5000 zurra 5000 td services 10000 lda1000 7000 SyRenity 10000 wallacemckart 10000 Attack.of.the.Clones 3000 serogen 4000 atleticofa 7500 Kuttingco 7500 Kuttingcorners 10000 User705 1000 tk808 1000 virtualaddict 10000 Revelations86 2500 psybits 10000 aa417444103 1000 sydorFunk 2500 silanmil 9500 solracx 9500 Come-from-Beyond 10000 hunglejungle 5000 godt 10000 olano 1000 mingophoria 2000 yshuifejng 7500 mattmct 2000 Onkel S. 2000 Microove 1000 Maverick69 5000 kavin2468
10000 atriz 2000 tk808 10000 cc5alive 2500 Bourbon44 2500 extee 1000 rb2 2000 waytogo
2000 standards 5000 td services (added 5000) 1500 luckygenoug56 3000 bluedude
518,000 total <-- 51% of Limit Limit is 1,000,000 NXT Limit 10,000 NXT per User Amounts under 1000 NXT not listed here but will be included
Appears to be around 100,000 NXT commitments per day. This will likely close in 7 days. So don't forget to make your reservation.
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ZeroBarrier
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January 26, 2014, 06:22:06 AM |
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There's only one flaw that I see; there's 52 weeks in a year, not 54 weeks. This throws everything off by 20 weeks using your 10 year time line.
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FrictionlessCoin (OP)
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January 26, 2014, 10:56:19 AM |
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"In summary, this looks like an excellent idea. Pre-launch NEX coins will be LV1 coins and new coins will be LV2 coins.
This proof of burn functionality is superior to the 'forging' feature of Nxt.
The best way to think about this is to make the analogy between banks and enterprises.
Actually, I should rename the LV1 and LV2 coin, "NEX Invest Coin" and "NEX Enterprise Coin" .
With the NEX Invest Coin you get 5% interest. You never lose your principal.
With NEX Enterprise Coin you consume NEX Bank Coin but in the process you stand to gain 25% of what you gain.
It is actually a quite excellent and simple system.
Here is a rephrase of the original description:
NEX Invest Coin (NIC) coins are the name of the currency that will be distributed initially. These are the coins that will be on exchanges and can be bought and sold. These coins will generate 1 additional NIC coin per week for every 1,000 NIC coins that you own (updates fractionally on the blockchain every 15 seconds and are rounded up to the nearest millionth). This means that in one year of holding 1,000 NIC coins, you will receive roughly 50 NIC coins, or 5% per annum.
NEX Enterprise Coin (NEC) coins can only be obtained by burning NIC coins. For every 1,000 NIC coins that are burned you will receive one NEC coin. These coins can not be exchanged, sold, or discarded by any means and will be attached to the wallet indefinitely. Each NEC coin will generate five NIC coins per week. In one year of holding one single NEC coin, you will receive roughly NIC LV1 coins. This equates to an increase of 25% per annum.
Note: The only coin that is tradeable is NIC... so NIC is synonymous with NEX (the NEX currency symbol)" This seems all honkey dorey until you actually sit down and do the math. This may seem like a "worst case" scenario, but we can assume it will be the real world scenario as it is based on the entire premise of this coins foundational function and nets the most gains for any given participant (even though the long term results are disasterous). To consider any other scenario would be to assume that no one takes advantage of the Lvl 1/Lvl 2/burn/inflation/deflation system, which self nulifies any argument attempting to do so as it renders the purpose of the feature and their basis moot. You have to throw either the NEX system or game theory out the window. I think we know what the result of that ends up being. We can assume that everyone will burn immediately, forgoeing the 1 NIC/week *ANPI (5%) for the 5 NIC/week *NICS inflation (25%) right away. I realise that everyone may not burn at the exact same time, but it is in their best interest to burn immediately so it's a practical and safe assumption. Provided that doesn't insta-kill NEX as the money supply would meaningfuly deflate to nothing on its release, (albeit temporarily, as it technically reinflates over time), we can proceed with the excersize normally. (*See below for meaning of ANPI and NICS acronyms) So let's have a closer look, shall we. Our Baseline is 1 Billion NIC and 0 NEC. But remember that we burn immediately. Well use an arbitrary 1 year period as our time scale in this excersize for the sake of simplicity and organization. NEC Inflation ------------- 1000 NIC Burn = 1 NEC Total NIC supply (TNICS) / 1000 = NEC Supply (NECS) NECS + Previous years NECS = Total NECS (TNECS) NIC Supply (NICS) ----------------- 1 NEC creates 5 NIC/week. So, Total NEC Supply (TNECS) x 260 (5x52 weeks) = NIC Supply (NICS) Annual NIC Passive Inflation (ANPI) ----------------------------------- 1000 NIC = +1 NIC/week (NIC Supply (NICS) / 1000) x 52 (weeks) / 2 = Annual NIC Passive Inflation (ANPI) NICS + ANPI = Total NIC Supply (TNICS) *Why do I divide by 2 to get ANPI? After the first "mass burn", the NIC supply shrinks to zero and slowely inflates, all the while generating NPI units at the +1/1000 NIC a week. To simplify, we will divide this calculation by half and consider that the average increase. I consider this an effectively safe calculation assuming that burns happened at random as well. I think that's being fair and generous in the favour of NEX. All numbers have been rounded to the nearest thousand(th) for the sake of simplicity. TNECS (Mil) NICS TNICS -------------------------------------------------------- Y0 - Immediate burn of the NIC supply = 0 <--- Only real deflation of the money supply (but we can see already this is just a trick up NEX sleeve) Y1 - 1.0 260,000,000 + ANPI = 266,760,000 Y2 - 1.267 329,420,000 + ANPI = 337,985,000 Y3 - 1.605 417,300,000 + ANPI = 428,150,000 Y4 - 2.033 528,580,000 + ANPI = 542,323,000 Y5 - 2.575 669,500,000 + ANPI = 686,907,000 Y6 - 3.262 848,120,000 + ANPI = 870,171,000 Y7 - 4.132 1,074,320,000 + ANPI = 1,102,252,000 Y8 - 5.234 1,360,840,000 + ANPI = 1,396,222,000 Y9 - 6.630 1,723,800,000 + ANPI = 1,768,619,000 Y10 - 8.399 2,183,740,000 + ANPI = 2,240,517,000 Y11 - 10.644 2,767,440,000 + ANPI = 2,839,393,000 Y12 - 13.483 3,505,580,000 + ANPI = 3,596,725,000 After evey mass burn, the money supply (NIC) will effectively go to zero and slowly inflate to its maximum amount when the next burn will happen. The volatility caused by massive shrinking and expanding of the total money supply is insane for obvious reasons. Even if this does not happen in a nice clean manner as described, it's an uphill argument to say there wouldn't be massive fluctuations in the money supply. Note that the first burn is the ONLY year that causes an actual meaningful deflation (but we see it's an illusion if we look at the proper time scale). Looking 7 years into the future a problem peaks its head out. Look at year 8, 9, 10 and its obvious where this is going. We can easily conclude that it gets exponentially worse from there, going further into hyperinflation with disasterous results. This system is a combination of disasters that would make bitcoins volatility look like a blip on the chart. This is the zimbabwe dollar of crypto. Here's another potentially fatal consideration. If burning NIC to NEC nets 25% per annum, why would anyone ever hold NIC?! It's easy to see that everyone would likely burn any NIC they ever get straight to NEC to put it to work generating more NIC. This nulifies the NIC supply (the actual money) and hyperinflates the NEC supply (the static, wallet digit. AKA, useless except to generate more NIC which will be burned to generate more NEC, ad infinitum). The only time anyone will hold NIC will be to sell it. NEX would self destruct from either the currency (NIC) supply being perpetually burned to non-existence and/or becoming a game of hot potatoe until the value drove itself into the ground. I'm better with logic than mathematics so forgive any crudeness in the latters organization/presentation. Feel free to crack my reasoning/math apart. Maybe I have made a simple mistake, but it seems pretty solid to me. Even without the math, the second argument is pretty fatal to the concept. Conclusion? NEX is bullshit. The only "feature" separating it from Nxt is VERY fataly flawed. Is fictioncoin knowingly pushing broken garbage to take 1 mil Nxt out of the pocket of Nxt investors and put it in his? Maybe, maybe not. Can you trust the person's thinking that brought you a system this flawed? That's for you to decide. My personal opinion is NO. This whole "IPO" is pretty stinky, along with the other "projects" I've seen him involved in. I'd be cautious, skeptical and highly suspicious. Thank you for analysis. The proof of burn feature will not be with the Nxt clone.
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xperiencia
Newbie
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January 26, 2014, 11:39:01 AM |
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want to reserve 3000 NXT = 150000 NEX
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CoinManiac
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January 26, 2014, 02:42:41 PM |
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For the Nxt users who feel disenfranchised, we will allocate 5% of NEX that they can purchase in exchange for NXT. We will offer a steep discount of 1 NXT for 50 NEX. 5% of NEX is 50 million coins, this is a hard limit. Nxt Coin holders are limited to 500,000 NEX per user. The offer ends when NEX is distributed or the 5% is exhausted. Nxt owners... this is your opportunity to become an early adopter. I can do 200 Nxt for 10k NEX. I want to increase my stake from 200 NXT to 1000 NXT i.e. 1000 NXT = 50K NEX
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NEM NXT NXTL NEX
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EvilDave
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January 26, 2014, 07:40:59 PM |
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Much cut.....
.....the second argument is pretty fatal to the concept.
Conclusion? NEX is bullshit. The only "feature" separating it from Nxt is VERY fataly flawed. Is fictioncoin knowingly pushing broken garbage to take 1 mil Nxt out of the pocket of Nxt investors and put it in his? Maybe, maybe not. Can you trust the person's thinking that brought you a system this flawed? That's for you to decide. My personal opinion is NO. This whole "IPO" is pretty stinky, along with the other "projects" I've seen him involved in. I'd be cautious, skeptical and highly suspicious.
Thank you for analysis. The proof of burn feature will not be with the Nxt clone. Nice move FCs: the only original(ish) feature of NEX gets thrown out of the window at the very first sign of criticism. Do you actually have any faith in your own promises (and their achieveability) or are u simply prepared to say anything to get investors in? BTW: Love the FC/solracx posting pattern on the iXCoin todo list. The Reddit takeover post is very weird (and sod all to do with me, btw, if u were being suspicious) Looks like u have a mole in yr group....this will bear watching. Fun and frolics for all....
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BitSugar
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January 27, 2014, 02:54:37 PM |
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I will contribute 1000 NXT
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Boxxl
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January 27, 2014, 03:03:28 PM |
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I want to add 500 NXT
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No Signature right now...
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grajson
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January 27, 2014, 09:49:34 PM |
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adding 10000NXT
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doitnow
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January 28, 2014, 03:06:51 AM |
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i will invest 240 NXT just for fun Thanks
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wizzardTim
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Reality is stranger than fiction
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January 28, 2014, 12:47:07 PM |
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Add me to the list too! I will invest 10000NXT for NEX.
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Behold the Tangle Mysteries! Dare to know It's truth.
- Excerpt from the IOTA Sacred Texts Vol. I
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Abyss_X
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January 28, 2014, 04:12:44 PM |
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I`am very very sceptical but just for fun add me with 1.000 NXT
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Gaman
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January 28, 2014, 05:24:38 PM |
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I am pledging 10000 NXT
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bitdraw
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January 28, 2014, 05:37:07 PM |
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hey, want to reserve 3000 NXT = 150000 NEX
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FrictionlessCoin (OP)
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January 28, 2014, 10:33:21 PM |
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5000, OOO 1000, romawi 10000, garicup 10000, nomailing 20000, canth <--- exceeds limit 10000, chetalk 3000, kolbas 10000, teco051 10000, bitular 8000, indigon 4000, homerzhu 2000, nfigueir 5000, tobyliciously 10000, atomiclock 1000, hvezdasmrti 10000, smophf7 10000, ow48uh 10000, rioshock2 1000, fragout 10000, sottymax 4000, LeFiste 10000, soarlyzed 10000, snipedrunk 2000, Swisscoin 5000, dannac 10000, fibbonac1z 10000, vemdoctor9 5000, Siegtal81 5000 irrawaddybtc 10000 Franconomasky 2000 cntrlsquare 10000 Jaguar0625 5000 NapoBear 10000 tylenol3mit 6000 dlog 1000 toolatetoberich? 2465 eXme 10000 miramare 1000 langkeming 1000 steyast012 1100 alrose 7000 bitfromit 1000 icoinv 4000 lenco 1000 Msile 10000 ripplebtc 10000 cremstopper 10000 jajansen 2683 lonesoul 5000 zurra 5000 td services 10000 lda1000 7000 SyRenity 10000 wallacemckart 10000 Attack.of.the.Clones 3000 serogen 4000 atleticofa 7500 Kuttingco 7500 Kuttingcorners 10000 User705 1000 tk808 1000 virtualaddict 10000 Revelations86 2500 psybits 10000 aa417444103 1000 sydorFunk 2500 silanmil 9500 solracx 9500 Come-from-Beyond 10000 hunglejungle 5000 godt 10000 olano 1000 mingophoria 2000 yshuifejng 7500 mattmct 2000 Onkel S. 2000 Microove 1000 Maverick69 5000 kavin2468
10000 atriz 2000 tk808 10000 cc5alive 2500 Bourbon44 2500 extee 1000 rb2 2000 waytogo
2000 standards 5000 td services (added 5000) 1500 luckygenoug56 3000 bluedude 3000 xperiencia 1000 BitSugar 10000 grajson 10000 wizzardTim 1000 Abyss_X 10000 Gaman 3000 bitdraw
546,000 total <-- 54% of Limit
Limit is 1,000,000 NXT Limit 10,000 NXT per User Amounts under 1000 NXT not listed here but will be included
Appears to be around 100,000 NXT commitments per day. This will likely close in 7 days. So don't forget to make your reservation.
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xzh4518
Newbie
Offline
Activity: 26
Merit: 0
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January 29, 2014, 04:24:48 AM |
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I'll give 5000 NXT
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CoinManiac
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January 29, 2014, 04:33:37 AM Last edit: February 16, 2014, 06:11:20 PM by CoinManiac |
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Adding 1000 NXT
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NEM NXT NXTL NEX
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EvilDave
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January 29, 2014, 01:36:17 PM |
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NEX (Nexus is an EXchange) CoinNEX distribution to be fair to all will be merit based. You automatically get a percentage of NEX if you show interest. You get a percentage every time you contribute to NEX. For the Nxt users who feel disenfranchised, we will allocate 5% of NEX that they can purchase in exchange for NXT. We will offer a steep discount of 1 NXT for 50 NEX. 5% of NEX is 50 million coins, this is a hard limit. Nxt Coin holders are limited to 500,000 NEX per user. The offer ends when NEX is distributed or the 5% is exhausted. Nxt owners... this is your opportunity to become an early adopter. Please post here to signify your interest in performing the exchange. We will not take any Nxt until the day when NEX will be distributed.Please include the amount of Nxt you want to exchange. We will only accept 1 million Nxt. This is a hard limit. This offer is open now and will close when 1 million Nxt is reached. We reserve the right to cancel any request. PROPOSAL: Implementation of the following PROOF OF BURN: https://bitcointalk.org/index.php?topic=422309.0;topicseen FOR NEX Level 1 (LV1) coins are the name of the currency that will be distributed via the pre launch fundraiser. These are the coins that will be on exchanges and can be bought and sold. These coins will generate 1 additional LV1 coin per week for every 1,000 LV1 coins that you own (updates fractionally on the blockchain every 15 seconds and are rounded up to the nearest millionth). This means that in one year of holding 1,000 LV1 coins, you will receive roughly 50 LV1 coins, or 5% per annum. Doesn't seem like much? Keep reading.
Level 2 (LV2) coins can only be obtained by burning Level 1 coins. For every 1,000 LV1 coins that are burned you will receive one LV2 coin. These coins can not be exchanged, sold, or discarded by any means and will be attached to the wallet indefinitely. Each LV2 coin will generate five LV1 coins per week. In one year of holding one single LV2 coin, you will receive roughly 250 LV1 coins. This equates to an increase of 25% per annum. Much better isn't it?
This cycle is revolutionary in the sense that someone holding LV2 coins will generate coins at a fast rate and cause inflation, yet to get LV2 coins they would need to burn LV1 coins and that would cause deflation. In every case of inflation, there is a stronger deflation to counteract it. This may very well be the first currency, both fiat and crypto, that has a built in mechanism to eliminate inflation on a very large scale. The cherry on top is that this deflation is instant, whereas inflation is dragged out over a long period of time. Let me give you an example:
Assuming a constant demand, a typical Proof of Work or Proof of Stake coin will lose a vast amount of value as the supply of coins on the market increases. A Proof of Burn coin on it's own will forever be attached to a Proof of Work or Proof of Stake coin and by association will also lose value over time, again noting that this assumes a constant demand. Levelcoin on the other hand has evolved to use a combination of the best features of Proof of Stake and Proof of Burn. This has lead to a system that is highly resistant to inflation and may in fact have the opposite effect. Assuming a constant demand, the value of Levelcoin will likely increase as more and more people burn their LV1 coins, causing supply to dwindle.
Nothing like this has been tried before and should the system work as planned, any founder will see an enormous return on investment. There is very little incentive for users to "pump and dump" or to flip in and out. This coin caters more towards loyalists, and considering that there will not be botnets nor ASCI's to deal with, everyone will have an equal opportunity to take part. The system is built around simplicity. Have you noticed how all new self proclaimed "next generation" currencies are getting more and more complex, both in their algorithm and distribution methods? There is no need for that, and Levelcoin aims to prove that. Google had the right idea by creating a simple search engine, and look where that got them!
Those who have faith in the currency and are in it for the long haul will reap enormous benefits from burning their LV1 coins to obtain LV2 coins and then selling the LV1 coins obtained via interest on an exchange that will likely be proprietary. Or they could choose to burn those new coins and compound their interest while at the same time creating scarcity for LV1 coins. The choice is yours. There will always be demand due to the fact that LV2 coins can not be obtained in any way other than by the purchase and burning of LV1 coins.
In summary, this looks like an excellent idea. Pre-launch NEX coins will be LV1 coins and new coins will be LV2 coins. This proof of burn functionality is superior to the 'forging' feature of Nxt. The best way to think about this is to make the analogy between banks and enterprises. Actually, I should rename the LV1 and LV2 coin, "NEX Invest Coin" and "NEX Enterprise Coin" . With the NEX Invest Coin you get 5% interest. You never lose your principal. With NEX Enterprise Coin you consume NEX Bank Coin but in the process you stand to gain 25% of what you gain. It is actually a quite excellent and simple system. Here is a rephrase of the original description: NEX Invest Coin (NIC) coins are the name of the currency that will be distributed initially. These are the coins that will be on exchanges and can be bought and sold. These coins will generate 1 additional NIC coin per week for every 1,000 NIC coins that you own (updates fractionally on the blockchain every 15 seconds and are rounded up to the nearest millionth). This means that in one year of holding 1,000 NIC coins, you will receive roughly 50 NIC coins, or 5% per annum. NEX Enterprise Coin (NEC) coins can only be obtained by burning NIC coins. For every 1,000 NIC coins that are burned you will receive one NEC coin. These coins can not be exchanged, sold, or discarded by any means and will be attached to the wallet indefinitely. Each NEC coin will generate five NIC coins per week. In one year of holding one single NEC coin, you will receive roughly NIC LV1 coins. This equates to an increase of 25% per annum. Note: The only coin that is tradeable is NIC... so NIC is synonymous with NEX (the NEX currency symbol) 5000, OOO 1000, romawi 10000, garicup 10000, nomailing 20000, canth <--- exceeds limit 10000, chetalk 3000, kolbas 10000, teco051 10000, bitular 8000, indigon 4000, homerzhu 2000, nfigueir 5000, tobyliciously 10000, atomiclock 1000, hvezdasmrti 10000, smophf7 10000, ow48uh 10000, rioshock2 1000, fragout 10000, sottymax 4000, LeFiste 10000, soarlyzed 10000, snipedrunk 2000, Swisscoin 5000, dannac 10000, fibbonac1z 10000, vemdoctor9 5000, Siegtal81 5000 irrawaddybtc 10000 Franconomasky 2000 cntrlsquare 10000 Jaguar0625 5000 NapoBear 10000 tylenol3mit 6000 dlog 1000 toolatetoberich? 2465 eXme 10000 miramare 1000 langkeming 1000 steyast012 1100 alrose 7000 bitfromit 1000 icoinv 4000 lenco 1000 Msile 10000 ripplebtc 10000 cremstopper 10000 jajansen 2683 lonesoul 5000 zurra 5000 td services 10000 lda1000 7000 SyRenity 10000 wallacemckart 10000 Attack.of.the.Clones 3000 serogen 4000 atleticofa 7500 Kuttingco 7500 Kuttingcorners 10000 User705 1000 tk808 1000 virtualaddict 10000 Revelations86 2500 psybits 10000 aa417444103 408,000 total <-- 40% of Limit Limit is 1,000,000 NXT Limit 10,000 NXT per User Amounts under 1000 NXT not listed here but will be included Appears to be around 100,000 NXT commitments per day. This will likely close in 7 days. So don't forget to make your reservation. *whistles innocently....*
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FrictionlessCoin (OP)
Legendary
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Activity: 868
Merit: 1000
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January 29, 2014, 08:03:31 PM |
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5000, OOO 1000, romawi 10000, garicup 10000, nomailing 20000, canth <--- exceeds limit 10000, chetalk 3000, kolbas 10000, teco051 10000, bitular 8000, indigon 4000, homerzhu 2000, nfigueir 5000, tobyliciously 10000, atomiclock 1000, hvezdasmrti 10000, smophf7 10000, ow48uh 10000, rioshock2 1000, fragout 10000, sottymax 4000, LeFiste 10000, soarlyzed 10000, snipedrunk 2000, Swisscoin 5000, dannac 10000, fibbonac1z 10000, vemdoctor9 5000, Siegtal81 5000 irrawaddybtc 10000 Franconomasky 2000 cntrlsquare 10000 Jaguar0625 5000 NapoBear 10000 tylenol3mit 6000 dlog 1000 toolatetoberich? 2465 eXme 10000 miramare 1000 langkeming 1000 steyast012 1100 alrose 7000 bitfromit 1000 icoinv 4000 lenco 1000 Msile 10000 ripplebtc 10000 cremstopper 10000 jajansen 2683 lonesoul 5000 zurra 5000 td services 10000 lda1000 7000 SyRenity 10000 wallacemckart 10000 Attack.of.the.Clones 3000 serogen 4000 atleticofa 7500 Kuttingco 7500 Kuttingcorners 10000 User705 1000 tk808 1000 virtualaddict 10000 Revelations86 2500 psybits 10000 aa417444103 1000 sydorFunk 2500 silanmil 9500 solracx 10000 hunglejungle 5000 godt 10000 olano 1000 mingophoria 2000 yshuifejng 7500 mattmct 2000 Onkel S. 2000 Microove 1000 Maverick69 5000 kavin2468 10000 atriz 2000 tk808 10000 cc5alive 2500 Bourbon44 2500 extee 1000 rb2 2000 waytogo 2000 standards 5000 td services (added 5000) 1500 luckygenoug56 3000 bluedude 3000 xperiencia 1000 BitSugar 10000 grajson 10000 wizzardTim 1000 Abyss_X 10000 Gaman 3000 bitdraw 5000 xzh4518 1000 CoinManiac
542,000 total <-- 54% of Limit
Limit is 1,000,000 NXT Limit 10,000 NXT per User Amounts under 1000 NXT not listed here but will be included
If in the event that NXT prices continues to fall, we reserve the right to request BTC at an exchange of 0.00007 BTC/NXT.
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ChuckOne
Sr. Member
Offline
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
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January 31, 2014, 08:09:42 PM |
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Add me to the list with 10000.
I am curious if you will get NEX up and running; and get somebody to prove the security of your source code.
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steyast012
Member
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Activity: 90
Merit: 10
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February 01, 2014, 01:41:02 AM |
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I'm revising my original 1000Nxt pledge to just 10000Nxt =500000 Nex
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FrictionlessCoin (OP)
Legendary
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Merit: 1000
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February 01, 2014, 10:13:48 AM |
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5000, OOO 1000, romawi 10000, garicup 10000, nomailing 20000, canth <--- exceeds limit 10000, chetalk 3000, kolbas 10000, teco051 10000, bitular 8000, indigon 4000, homerzhu 2000, nfigueir 5000, tobyliciously 10000, atomiclock 1000, hvezdasmrti 10000, smophf7 10000, ow48uh 10000, rioshock2 1000, fragout 10000, sottymax 4000, LeFiste 10000, soarlyzed 10000, snipedrunk 2000, Swisscoin 5000, dannac 10000, fibbonac1z 10000, vemdoctor9 5000, Siegtal81 5000 irrawaddybtc 10000 Franconomasky 2000 cntrlsquare 10000 Jaguar0625 5000 NapoBear 10000 tylenol3mit 6000 dlog 1000 toolatetoberich? 2465 eXme 10000 miramare 1000 langkeming 1000 steyast012 1100 alrose 7000 bitfromit 1000 icoinv 4000 lenco 1000 Msile 10000 ripplebtc 10000 cremstopper 10000 jajansen 2683 lonesoul 5000 zurra 5000 td services 10000 lda1000 7000 SyRenity 10000 wallacemckart 10000 Attack.of.the.Clones 3000 serogen 4000 atleticofa 7500 Kuttingco 7500 Kuttingcorners 10000 User705 1000 tk808 1000 virtualaddict 10000 Revelations86 2500 psybits 10000 aa417444103 1000 sydorFunk 2500 silanmil 10000 hunglejungle 5000 godt 10000 olano 1000 mingophoria 2000 yshuifejng 7500 mattmct 2000 Onkel S. 2000 Microove 1000 Maverick69 5000 kavin2468 10000 atriz 2000 tk808 10000 cc5alive 2500 Bourbon44 2500 extee 1000 rb2 2000 waytogo 2000 standards 5000 td services (added 5000) 1500 luckygenoug56 3000 bluedude 3000 xperiencia 1000 BitSugar 10000 grajson 10000 wizzardTim 1000 Abyss_X 10000 Gaman 3000 bitdraw 5000 xzh4518 1000 CoinManiac
10000 ChuckOne 10000 Steyast012
552,000 total <-- 55% of Limit
Limit is 1,000,000 NXT Limit 10,000 NXT per User Amounts under 1000 NXT not listed here but will be included
Note: If in the event that NXT prices continues to fall, we reserve the right to request BTC at an exchange of 0.00007 BTC/NXT.
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FrictionlessCoin (OP)
Legendary
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Activity: 868
Merit: 1000
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February 01, 2014, 08:05:12 PM |
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This morning, the genesis account for Nxt was compromised: Fun fact: the genesis account http://www.mynxt.info/blockexplorer/details.php?action=ac&ac=1739068987193023818 that credited all the original stakeholders used this passphrase: Quote from: 1984 - George Orwell It was a bright cold day in April, and the clocks were striking thirteen. As I've pointed out in my first post https://nextcoin.org/index.php/topic,3608.msg34002.html1.5% of NXT accounts are trivially crackable with a 15 line script and a widely-available passphrase list (the rockyou leak dataset). I've let my script keep running on more lists since then and at current measure have recovered the passphrases of a little more than 3% of all accounts that have ever been used. Since genesis ~8M NXT has been sent to these "weak" accounts. As I pointed out in my original post, my motivation for doing this was to investigate the root cause of the rash of thefts that had been reported (since I suspected weak passphrases) as well as prod the devs to drop the brainwallet-based key management scheme as the default option. I actually cracked the genesis account a few days ago but originally thought my code was just buggy when I saw it's balance was negative ... LOL. As a side note, I should point out that widespread knowledge of the genesis account key isn't a security issue per se. Although I'd advise devs to be defensive moving forward about the possibility of integer overflow/underflow whenever dealing with amounts/fees now that the whole world has access to an account with a negative balance.
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city19akro
Newbie
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Activity: 26
Merit: 0
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February 01, 2014, 09:33:06 PM |
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Count me in for 1000 NXT
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Skerberus
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February 02, 2014, 11:54:07 AM |
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I'm interested and will give 2000 NXT
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Pierrot20
Newbie
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Activity: 49
Merit: 0
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February 02, 2014, 12:19:48 PM |
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ok for 1000 NXT
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FrictionlessCoin (OP)
Legendary
Offline
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
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February 03, 2014, 08:03:53 PM |
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5000, OOO 1000, romawi 10000, garicup 10000, nomailing 20000, canth <--- exceeds limit 10000, chetalk 3000, kolbas 10000, teco051 10000, bitular 8000, indigon 4000, homerzhu 2000, nfigueir 5000, tobyliciously 10000, atomiclock 1000, hvezdasmrti 10000, smophf7 10000, ow48uh 10000, rioshock2 1000, fragout 10000, sottymax 4000, LeFiste 10000, soarlyzed 10000, snipedrunk 2000, Swisscoin 5000, dannac 10000, fibbonac1z 10000, vemdoctor9 5000, Siegtal81 5000 irrawaddybtc 10000 Franconomasky 2000 cntrlsquare 10000 Jaguar0625 5000 NapoBear 10000 tylenol3mit 6000 dlog 1000 toolatetoberich? 2465 eXme 10000 miramare 1000 langkeming 1000 steyast012 1100 alrose 7000 bitfromit 1000 icoinv 4000 lenco 1000 Msile 10000 ripplebtc 10000 cremstopper 10000 jajansen 2683 lonesoul 5000 zurra 5000 td services 10000 lda1000 7000 SyRenity 10000 wallacemckart 10000 Attack.of.the.Clones 3000 serogen 4000 atleticofa 7500 Kuttingco 7500 Kuttingcorners 10000 User705 1000 tk808 1000 virtualaddict 10000 Revelations86 2500 psybits 10000 aa417444103 1000 sydorFunk 2500 silanmil 10000 hunglejungle 5000 godt 10000 olano 1000 mingophoria 2000 yshuifejng 7500 mattmct 2000 Onkel S. 2000 Microove 1000 Maverick69 5000 kavin2468 10000 atriz 2000 tk808 10000 cc5alive 2500 Bourbon44 2500 extee 1000 rb2 2000 waytogo 2000 standards 5000 td services (added 5000) 1500 luckygenoug56 3000 bluedude 3000 xperiencia 1000 BitSugar 10000 grajson 10000 wizzardTim 1000 Abyss_X 10000 Gaman 3000 bitdraw 5000 xzh4518 1000 CoinManiac
10000 ChuckOne 10000 Steyast012 1000 Pierrot20 2000 Skerberus 1000 city19akro
556,000 total <-- 55% of Limit
Limit is 1,000,000 NXT Limit 10,000 NXT per User Amounts under 1000 NXT not listed here but will be included
Note: If in the event that NXT prices continues to fall, we reserve the right to request BTC at an exchange of 0.00007 BTC/NXT.
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ewibit
Legendary
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Activity: 2955
Merit: 1049
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February 04, 2014, 12:52:23 PM |
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Count me in for 500 NXT
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td services
Sr. Member
Offline
Activity: 448
Merit: 250
black swan hunter
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February 04, 2014, 07:38:37 PM |
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Note: If in the event that NXT prices continues to fall, we reserve the right to request BTC at an exchange of 0.00007 BTC/NXT.
I'll keep my pledge in but I do not accept this change in terms. You may want to add this along with an explanation to the announcement. A major problem with the initial NXT pre-sale was that changes, like the 300-100% ramp-down in NXT stake per BTC, marker transactions, and ending time or block were not added to the announcement.
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FrictionlessCoin (OP)
Legendary
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Activity: 868
Merit: 1000
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February 04, 2014, 08:06:15 PM |
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Note: If in the event that NXT prices continues to fall, we reserve the right to request BTC at an exchange of 0.00007 BTC/NXT.
I'll keep my pledge in but I do not accept this change in terms. You may want to add this along with an explanation to the announcement. A major problem with the initial NXT pre-sale was that changes, like the 300-100% ramp-down in NXT stake per BTC, marker transactions, and ending time or block were not added to the announcement. The reason why we added this reservation is not due to the possible price fluctuations with BTC, but because of the possibility of an complete failure of the Nxt system where coins are not exchangeable in exchanges. Not sure what you mean by 'marker transactions' and 'ending time'. At this time, there is no ending time until 1 million Nxt is raised. At this time we are half way there and believe that once a working implementation is shown that this will close very quickly.
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td services
Sr. Member
Offline
Activity: 448
Merit: 250
black swan hunter
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February 04, 2014, 08:12:54 PM |
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Note: If in the event that NXT prices continues to fall, we reserve the right to request BTC at an exchange of 0.00007 BTC/NXT.
I'll keep my pledge in but I do not accept this change in terms. You may want to add this along with an explanation to the announcement. A major problem with the initial NXT pre-sale was that changes, like the 300-100% ramp-down in NXT stake per BTC, marker transactions, and ending time or block were not added to the announcement. The reason why we added this reservation is not due to the possible price fluctuations with BTC, but because of the possibility of an complete failure of the Nxt system where coins are not exchangeable in exchanges. Not sure what you mean by 'marker transactions' and 'ending time'. At this time, there is no ending time until 1 million Nxt is raised. At this time we are half way there and believe that once a working implementation is shown that this will close very quickly. I was referring to the NXT announcement, not NEX, never being updated to include changes in the pre-sale buried in the discussion. Having the 300% early adopter bonus which reduced steadily to 100% by block count for NXT pre-sale added to the announcement would have encouraged more people to invest before it was cut off. There were other major changes as well.
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FrictionlessCoin (OP)
Legendary
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Merit: 1000
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February 04, 2014, 08:17:50 PM |
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I was referring to the NXT announcement, not NEX, never being updated to include changes in the pre-sale buried in the discussion. Having the 300% early adopter bonus which reduced steadily to 100% by block count for NXT pre-sale added to the announcement would have encouraged more people to invest before it was cut off. There were other major changes as well.
We are really busy with developing the system and have not had time to think about the best way to distribute the code. However, we can assure you that everything will be spelled out quite clearly prior to any coin exchange. We are not in need of any funding for development, so there is no need for us to request a pre-sale. The purpose of this thread is to assess only the potential demand of a new crypto-currency. We are sufficiently satisfied with what we are seeing.
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13Darko
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February 04, 2014, 08:19:00 PM |
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Count me in too . I'm giving 2000 NXT
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xtester
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February 04, 2014, 08:26:10 PM |
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Hey, I want to pledge 2000 NXT.
One question, If I reconsider and only have 1000 NXT after a while, can I change the number I pledged?
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FrictionlessCoin (OP)
Legendary
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Activity: 868
Merit: 1000
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February 04, 2014, 08:28:44 PM |
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Hey, I want to pledge 2000 NXT.
One question, If I reconsider and only have 1000 NXT after a while, can I change the number I pledged?
You cannot exceed the amount of your pledge once this offer closes. If those who make a pledge are unable to supply the pledged Nxt, that allocation will be distributed to the general public at the same rate.
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xtester
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February 04, 2014, 08:59:38 PM |
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Hey, I want to pledge 2000 NXT.
One question, If I reconsider and only have 1000 NXT after a while, can I change the number I pledged?
You cannot exceed the amount of your pledge once this offer closes. If those who make a pledge are unable to supply the pledged Nxt, that allocation will be distributed to the general public at the same rate. Thanks for the answer. In this case I pledge only 1000 NXT.
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td services
Sr. Member
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Activity: 448
Merit: 250
black swan hunter
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February 04, 2014, 09:17:52 PM |
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Hey, I want to pledge 2000 NXT.
One question, If I reconsider and only have 1000 NXT after a while, can I change the number I pledged?
You cannot exceed the amount of your pledge once this offer closes. If those who make a pledge are unable to supply the pledged Nxt, that allocation will be distributed to the general public at the same rate. Thanks for the answer. In this case I pledge only 1000 NXT. BTW, limit is 10,000, not 1,000.
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bliljerk101
Member
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Activity: 90
Merit: 10
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February 05, 2014, 01:49:19 AM |
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I'm in!
Put me down for 10,000 NXT. If the 10k limit raises, I'll be happy to raise with it!!
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gu7008
Member
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Activity: 69
Merit: 10
We are all entering a new era.
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February 05, 2014, 05:14:17 AM Last edit: February 05, 2014, 06:13:15 AM by gu7008 |
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Hey! I'd like to pledge 1000 NXT.
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notsoshifty
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February 05, 2014, 07:36:59 AM |
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Hey, I want to pledge 2000 NXT.
One question, If I reconsider and only have 1000 NXT after a while, can I change the number I pledged?
You cannot exceed the amount of your pledge once this offer closes. If those who make a pledge are unable to supply the pledged Nxt, that allocation will be distributed to the general public at the same rate. Can you answer xtester's question? I.e. if someone pledges X, when it comes to actually buying in, can you buy Y where 0<Y<X, or must you buy either X or none at all?
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FrictionlessCoin (OP)
Legendary
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Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
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February 05, 2014, 10:39:06 AM |
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Hey, I want to pledge 2000 NXT.
One question, If I reconsider and only have 1000 NXT after a while, can I change the number I pledged?
You cannot exceed the amount of your pledge once this offer closes. If those who make a pledge are unable to supply the pledged Nxt, that allocation will be distributed to the general public at the same rate. Can you answer xtester's question? I.e. if someone pledges X, when it comes to actually buying in, can you buy Y where 0<Y<X, or must you buy either X or none at all? You can buy Y. The remainder X-Y will be resold at the same price to the public.
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FrictionlessCoin (OP)
Legendary
Offline
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
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February 05, 2014, 11:54:23 AM |
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FrictionlessCoin (OP)
Legendary
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Merit: 1000
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February 05, 2014, 03:52:21 PM Last edit: February 05, 2014, 04:20:39 PM by FrictionlessCoin |
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Please consult Google Doc spreadheet for updates: https://docs.google.com/a/codeaudit.com/spreadsheet/ccc?key=0AhwgzhIO_YCedEM4Tld4V05JRXh5Z09ZZS1KR2JYa0E#gid=05000, OOO 1000, romawi 10000, garicup 10000, nomailing 20000, canth <--- exceeds limit 10000, chetalk 3000, kolbas 10000, teco051 10000, bitular 8000, indigon 4000, homerzhu 2000, nfigueir 5000, tobyliciously 10000, atomiclock 1000, hvezdasmrti 10000, smophf7 10000, ow48uh 10000, rioshock2 1000, fragout 10000, sottymax 4000, LeFiste 10000, soarlyzed 10000, snipedrunk 2000, Swisscoin 5000, dannac 10000, fibbonac1z 10000, vemdoctor9 5000, Siegtal81 5000 irrawaddybtc 10000 Franconomasky 2000 cntrlsquare 10000 Jaguar0625 5000 NapoBear 10000 tylenol3mit 6000 dlog 1000 toolatetoberich? 2465 eXme 10000 miramare 1000 langkeming 1000 steyast012 1100 alrose 7000 bitfromit 1000 icoinv 4000 lenco 1000 Msile 10000 ripplebtc 10000 cremstopper 10000 jajansen 2683 lonesoul 5000 zurra 5000 td services 10000 lda1000 7000 SyRenity 10000 wallacemckart 10000 Attack.of.the.Clones 3000 serogen 4000 atleticofa 7500 Kuttingco 7500 Kuttingcorners 10000 User705 1000 tk808 1000 virtualaddict 10000 Revelations86 2500 psybits 10000 aa417444103 1000 sydorFunk 2500 silanmil 10000 hunglejungle 5000 godt 10000 olano 1000 mingophoria 2000 yshuifejng 7500 mattmct 2000 Onkel S. 2000 Microove 1000 Maverick69 5000 kavin2468 10000 atriz 2000 tk808 10000 cc5alive 2500 Bourbon44 2500 extee 1000 rb2 2000 waytogo 2000 standards 5000 td services (added 5000) 1500 luckygenoug56 3000 bluedude 3000 xperiencia 1000 BitSugar 10000 grajson 10000 wizzardTim 1000 Abyss_X 10000 Gaman 3000 bitdraw 5000 xzh4518 1000 CoinManiac 10000 ChuckOne 10000 Steyast012 1000 Pierrot20 2000 Skerberus 1000 city19akro 2000 13Darko 2000 xtester 10000 bliljerk101 1000 gu7008 571,000 total <-- 57% of Limit Limit is 1,000,000 NXT Limit 10,000 NXT per User Amounts under 1000 NXT not listed here but will be included Note: If in the event that NXT prices continues to fall, we reserve the right to request BTC at an exchange of 0.00007 BTC/NXT.
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freigeist
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February 05, 2014, 03:58:20 PM |
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You can buy Y. The remainder X-Y will be resold at the same price to the public.
Hello. I'd like to pledge 1000 NXT.
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tank
Member
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Activity: 69
Merit: 10
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February 07, 2014, 04:42:27 PM |
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Just to make sure i understand you clearly, you will be copying the current nxt source code, making some industrial changes and then release the source code to the world. It will then be up to the nex community to adopt and cultivate it. Does that mean you wont provide any servers or support? What about industrial bug fixes, new versions? What will happen to all the investors funds if you just keep it all.
What will you do with the $100000 worth of nxt you will get? Should you spend some of that on making sure the nex network actually works? Shouldn't you distribute the one million nxt to all the nex holders equally? Is that too much to expect? Would it impact profits too much Please do not mislead me
James
The coin will be created and sold to the community. All proceeds for the sale, just like the Nxt sale will go to the developer. So for BCNxt who created Nxt, he received 21 BTC. We hope to raise 1,000,000 NXT or equivalent to pay for development expenses. I hope the community will step up by running the necessary nodes to secure the network. We will provide instruction on how to to so. More details will follow when we have the coin ready for launch. Shares will be divided between Visacoin victims, NXT buyers and 'Interested' parties. All NXT buyers who reserved have the privilege to purchase the amount they reserved. 1 NXT would likely fetch around 500 of these coins. Yes, 500 coins, not 50 as previously allocated. So if 10,000 NXT was reserved, 5 million of these coins are expected. Let me know if that was clear. 10000 nxt pledged. Add me to the list. Thanks.
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hyunsookmom
Sr. Member
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Kamehameha!!!
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February 08, 2014, 01:10:07 PM |
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To be honest I'm a little confused by this IPO, I put my email interested on site. I can't remember what I even did or didn't do, so may clones i'm confused.
I want to buy 10,000 NXT into this, does this need to be paid now? or just verbally? Anyway I pledge 10,000 NXT please tell me if I need to actually pay it.
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nextgencoin
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Merit: 1000
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February 08, 2014, 01:16:23 PM |
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10,000 NXT pledged. Count me in!
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FrictionlessCoin (OP)
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February 08, 2014, 03:24:17 PM |
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Spreadsheet updated.
Total pledged: 614248 Nxt
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FrictionlessCoin (OP)
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Merit: 1000
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February 08, 2014, 03:27:49 PM |
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To be honest I'm a little confused by this IPO, I put my email interested on site. I can't remember what I even did or didn't do, so may clones i'm confused.
I want to buy 10,000 NXT into this, does this need to be paid now? or just verbally? Anyway I pledge 10,000 NXT please tell me if I need to actually pay it.
You can send payment when the coin is made available. The email you sent will also give you additional stake.
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Lidong
Newbie
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Activity: 26
Merit: 0
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February 09, 2014, 12:31:04 AM |
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I'd like to pledge 5000 NXT
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drdops
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February 09, 2014, 03:29:40 PM |
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10,000 pledged
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xtester
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February 09, 2014, 09:03:58 PM |
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Spreadsheet updated.
Total pledged: 614248 Nxt
@FrictionlessCoin Please correct my name on the list to be xtester instead of etester. Thanks!
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rocker10
Newbie
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February 09, 2014, 10:07:48 PM |
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10,000 NXT pledged.
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upekha
Full Member
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Merit: 100
TDTPJR-P5SGXY-UU2OS6-BPTUV4-NJYQFT-6CWYZP-IA2W
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February 09, 2014, 11:12:10 PM |
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1000 NXT if this is legit
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NEM - New Economy Movement
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romawi
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February 10, 2014, 04:41:58 PM |
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I want to double my invest of 1000 nxt to 2000 nxt. Please update
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Skerberus
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February 10, 2014, 08:59:52 PM |
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I would like to change my investment from 2000 to 10000 NXT(current maximum). Please update the list .
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mindact
Member
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Merit: 10
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February 11, 2014, 06:52:37 AM |
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3000 nxt count me in
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PureVision
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February 11, 2014, 10:31:18 AM |
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1000 nxt pledged
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jcarl987
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February 11, 2014, 12:59:49 PM Last edit: February 11, 2014, 02:31:06 PM by jcarl987 |
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Put me down for 10000 please.
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Pierrot20
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February 11, 2014, 10:29:35 PM |
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I would like to change my investment from 1000 to 2000 NXT Please update the list
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JakeThePanda
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February 12, 2014, 01:32:57 AM Last edit: February 12, 2014, 09:52:51 PM by JakeThePanda |
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I would like to go in for 10,000 NXT. Thanks.
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warriorzcx
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February 12, 2014, 03:09:40 AM |
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10000 nxt pledged. Add me to the list. Thanks.
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beauty
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February 12, 2014, 10:21:09 AM |
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2000 nxt pledged
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andme
Legendary
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Merit: 1029
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February 12, 2014, 07:13:15 PM |
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2000 NXT pledged. Thanks.
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FrictionlessCoin (OP)
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Merit: 1000
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February 12, 2014, 08:26:19 PM |
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Haven't updated the spreadsheet, but it looks like there are around 700,000 Nxt Pledged so far.
300,000 Nxt to go and this offer closes!
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gstarcev
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February 12, 2014, 09:52:12 PM |
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I pledge 5000 Nxt.
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samsonite
Newbie
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Merit: 0
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February 13, 2014, 01:21:32 AM |
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I pledge 2000 NXT
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FrictionlessCoin (OP)
Legendary
Offline
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Merit: 1000
Cryptotalk.org - Get paid for every post!
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February 13, 2014, 02:53:01 AM |
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Spreadsheet updated.
695248 Nxt pledged.
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romawi
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February 13, 2014, 12:03:28 PM |
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I want to double my invest of 1000 nxt to 2000 nxt. Please update
Please update the list from 1000 nxt to 2000 nxt
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Smokeymar
Member
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February 13, 2014, 04:39:05 PM |
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You are only selling 5% to this thread. That leaves 95% to the "Just Click on Interested" crowd and the developers stake. I thought I heard you mention that only 300 people signed up on the website. Something doesn't make sense to me.
Does that mean they will have a bigger stake than the people reserving a deal in this thread? Can you explain the numbers? How is the other 95% being allocated?
My opinion is that 5% is way too low for the only group that's actually paying for a stake. Unless I'm missing something, please correct me if I'm wrong.
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stoneone
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February 14, 2014, 08:31:41 AM |
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I pledge 5000 Nxt.
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FrictionlessCoin (OP)
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February 14, 2014, 10:57:32 AM Last edit: February 14, 2014, 01:09:11 PM by FrictionlessCoin |
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You are only selling 5% to this thread. That leaves 95% to the "Just Click on Interested" crowd and the developers stake. I thought I heard you mention that only 300 people signed up on the website. Something doesn't make sense to me.
Does that mean they will have a bigger stake than the people reserving a deal in this thread? Can you explain the numbers? How is the other 95% being allocated?
My opinion is that 5% is way too low for the only group that's actually paying for a stake. Unless I'm missing something, please correct me if I'm wrong.
5% is allocated for this NEX exchange. 1% is allocated for VisaCoin holders. An unknown percentage will be allocated to those 'just interested'. There are at least 500 'just interested' folks, we hope to get much more. Note: NEX is likely not a 100% proof of stake coin due to its very unfair distribution dynamics. Distribution will happen with a mechanism other than proof of work, but it will happen over a period similar to proof of work schemes. Think a year of distribution followed by a low inflation rate. The initial distribution will however be proof of stake, so there is an extreme advantage to be in the initial distribution. This 5% will be used for continuous development and maintenance of the network. A stable set of 20 nodes will be allocated on launch to secure the network. This set will increase over time as the network grows in participation and size.
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JakeThePanda
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February 14, 2014, 05:03:27 PM |
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You are only selling 5% to this thread. That leaves 95% to the "Just Click on Interested" crowd and the developers stake. I thought I heard you mention that only 300 people signed up on the website. Something doesn't make sense to me.
Does that mean they will have a bigger stake than the people reserving a deal in this thread? Can you explain the numbers? How is the other 95% being allocated?
My opinion is that 5% is way too low for the only group that's actually paying for a stake. Unless I'm missing something, please correct me if I'm wrong.
5% is allocated for this NEX exchange. 1% is allocated for VisaCoin holders. An unknown percentage will be allocated to those 'just interested'. There are at least 500 'just interested' folks, we hope to get much more. Note: NEX is likely not a 100% proof of stake coin due to its very unfair distribution dynamics. Distribution will happen with a mechanism other than proof of work, but it will happen over a period similar to proof of work schemes. Think a year of distribution followed by a low inflation rate. The initial distribution will however be proof of stake, so there is an extreme advantage to be in the initial distribution. This 5% will be used for continuous development and maintenance of the network. A stable set of 20 nodes will be allocated on launch to secure the network. This set will increase over time as the network grows in participation and size. Thanks. How many total coins will be in the initial distribution?
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FrictionlessCoin (OP)
Legendary
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February 14, 2014, 05:15:32 PM |
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You are only selling 5% to this thread. That leaves 95% to the "Just Click on Interested" crowd and the developers stake. I thought I heard you mention that only 300 people signed up on the website. Something doesn't make sense to me.
Does that mean they will have a bigger stake than the people reserving a deal in this thread? Can you explain the numbers? How is the other 95% being allocated?
My opinion is that 5% is way too low for the only group that's actually paying for a stake. Unless I'm missing something, please correct me if I'm wrong.
5% is allocated for this NEX exchange. 1% is allocated for VisaCoin holders. An unknown percentage will be allocated to those 'just interested'. There are at least 500 'just interested' folks, we hope to get much more. Note: NEX is likely not a 100% proof of stake coin due to its very unfair distribution dynamics. Distribution will happen with a mechanism other than proof of work, but it will happen over a period similar to proof of work schemes. Think a year of distribution followed by a low inflation rate. The initial distribution will however be proof of stake, so there is an extreme advantage to be in the initial distribution. This 5% will be used for continuous development and maintenance of the network. A stable set of 20 nodes will be allocated on launch to secure the network. This set will increase over time as the network grows in participation and size. Thanks. How many total coins will be in the initial distribution? Tentatively, 10% of the total distribution of 1 billion coins. So unlike Nxt where all you get from 'forging' is transaction fees, with NEX proof of stake earns you much more.
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peter1940
Newbie
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Merit: 0
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February 15, 2014, 12:43:15 PM |
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I will pledge 10000 nxt
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feixiangyu
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February 16, 2014, 05:04:12 PM |
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2000 nxt pledged
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CoinManiac
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February 16, 2014, 06:11:39 PM |
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Adding 1000 NXT I want to re-pledge it to 2000 NXT. Please update FrictionlessCoin
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NEM NXT NXTL NEX
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FrictionlessCoin (OP)
Legendary
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Merit: 1000
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February 17, 2014, 10:58:18 AM |
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Spreadsheet updated
708,248 Nxt Pledged.
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jman887854
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February 17, 2014, 02:46:49 PM |
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I'll pledge 2500 nxt
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theironman
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February 17, 2014, 03:44:38 PM |
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1000 nxt pledged
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colombuszka
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February 17, 2014, 10:21:40 PM |
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I pledge 250 NXT, count me in
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SyRenity
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February 17, 2014, 10:40:46 PM |
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Please increase my pledge to 10K.
Thanks.
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rtstrx
Newbie
Offline
Activity: 20
Merit: 0
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February 17, 2014, 11:04:03 PM |
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I pledge 10000 NXT.
Thanks!
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jubalix
Legendary
Offline
Activity: 2618
Merit: 1022
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February 18, 2014, 04:50:25 AM |
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ok I recall this was just say interested then you get a stake.
in any even I pledge 2500NXT
is that how I get a stake?
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FrictionlessCoin (OP)
Legendary
Offline
Activity: 868
Merit: 1000
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February 18, 2014, 02:36:02 PM |
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ok I recall this was just say interested then you get a stake.
in any even I pledge 2500NXT
is that how I get a stake?
@ 50:1 2,500 NXT = 125,000 NEX. Saying you are interested gives you a percentage of NEX allocated from that pool. The amount of NEX will depend on: (1) how many people have expressed interest. (2) how many NEX will be allocated for this.
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hendr1x
Member
Offline
Activity: 77
Merit: 10
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February 18, 2014, 11:39:16 PM |
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I pledge 2000
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qingmu1992
Member
Offline
Activity: 65
Merit: 10
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February 19, 2014, 07:31:45 AM |
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I pledge 2000
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qiushui113
Member
Offline
Activity: 63
Merit: 10
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February 19, 2014, 08:33:39 AM Last edit: February 19, 2014, 09:32:47 AM by qiushui113 |
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interested, but only selling 5% to this thread,,emmmm
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ashao1015
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February 19, 2014, 08:47:07 AM Last edit: February 19, 2014, 09:41:51 AM by ashao1015 |
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Very interested. I pledge 4000 nxt
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sx020204
Newbie
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Activity: 29
Merit: 0
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February 19, 2014, 09:50:50 AM |
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interested,but what is VisaCoin holders?
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wizzardTim
Legendary
Offline
Activity: 1708
Merit: 1000
Reality is stranger than fiction
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February 19, 2014, 01:54:27 PM |
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interested,but what is VisaCoin holders?
Some people, including me, that got scammed by VisaCoin member
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Behold the Tangle Mysteries! Dare to know It's truth.
- Excerpt from the IOTA Sacred Texts Vol. I
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flipstyle
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February 19, 2014, 02:30:04 PM |
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Please put me down for 10,000nxt.
Thank you.
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flipstyle
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February 19, 2014, 02:39:20 PM |
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Oh last question. But in your OP, you basically linked to another coin ANN thread that was made before this one was, and copied and pasted the lvl1 and lvl2 coin implementation scheme.
I don't get it. Are you the toplevel coin developer as well? Or are you just going to copy their idea for nex? It would just seem weird that there are going to be 2 virtually identical coins coming out soon both with initial investor funds accrued?
Would appreciate your reply for clarification. Thanks.
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FrictionlessCoin (OP)
Legendary
Offline
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
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February 19, 2014, 02:52:22 PM |
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Oh last question. But in your OP, you basically linked to another coin ANN thread that was made before this one was, and copied and pasted the lvl1 and lvl2 coin implementation scheme.
I don't get it. Are you the toplevel coin developer as well? Or are you just going to copy their idea for nex? It would just seem weird that there are going to be 2 virtually identical coins coming out soon both with initial investor funds accrued?
Would appreciate your reply for clarification. Thanks.
The Level Coin was a proposed idea. I am not exactly sure what happened to that coin. However, NEX is much more than just an elaborate proof of stake/proof of burn system. More details will be revealed when the code is launched. However, suffice it to say, there is nothing out there like NEX. There are other 2nd generation coins like Mastercoin, CounterParty and Nxt. However, once NEX design is revealed, it will become obvious of its superior desgin over these coins. Apologies that I can't devulge more information. P.S. Note: This fundraising is to pay for development expenses. It will top out at 1,000,000 Nxt.
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cubicdissection
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February 19, 2014, 04:09:59 PM |
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Note: NEX is likely not a 100% proof of stake coin due to its very unfair distribution dynamics. Distribution will happen with a mechanism other than proof of work, but it will happen over a period similar to proof of work schemes. Think a year of distribution followed by a low inflation rate. The initial distribution will however be proof of stake, so there is an extreme advantage to be in the initial distribution.
I'd be interested in more detail on this distribution model. The guys at Etherium pondered the same issues and ended up with an IPO / PoW setup. What specifically is your plan to distribute coins without PoW? This is not a detail, it's a huge question that should be answered in full before funding occurs.
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FrictionlessCoin (OP)
Legendary
Offline
Activity: 868
Merit: 1000
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February 19, 2014, 04:17:18 PM |
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Note: NEX is likely not a 100% proof of stake coin due to its very unfair distribution dynamics. Distribution will happen with a mechanism other than proof of work, but it will happen over a period similar to proof of work schemes. Think a year of distribution followed by a low inflation rate. The initial distribution will however be proof of stake, so there is an extreme advantage to be in the initial distribution.
I'd be interested in more detail on this distribution model. The guys at Etherium pondered the same issues and ended up with an IPO / PoW setup. What specifically is your plan to distribute coins without PoW? This is not a detail, it's a huge question that should be answered in detail before funding occurs. There will be an initial distribution (as discussed in this thread and other threads). After that (yet to be revealed) distribution mechanism will be made available for around a year. Then the distribution drops to a low inflation rate. That is the current plan. 100% Proof of Stake with 100% distribution in the beginning really works on the 'greater fool' theory that truly does not promote a wide distribution, nor does it provide an incentive for participants to continually improve and support the P2P network. What is clearly needed is a coin with the correct incentive mechanism that promotes growth.
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neken4
Newbie
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February 19, 2014, 07:24:10 PM |
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I pledge 10.000 NXT. I desire the best for NEX!!
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limingz
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February 20, 2014, 12:27:20 AM |
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Is it closed?7days has bee past. can i buy now?1nxt=50nxc
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FrictionlessCoin (OP)
Legendary
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Activity: 868
Merit: 1000
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February 20, 2014, 12:31:05 AM |
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Is it closed?7days has bee past. can i buy now?1nxt=50nxc
Open until 1,000,000 Nxt have been pledged.
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FrictionlessCoin (OP)
Legendary
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Merit: 1000
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February 20, 2014, 12:39:31 AM Last edit: February 20, 2014, 11:02:48 AM by FrictionlessCoin |
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qiushui113
Member
Offline
Activity: 63
Merit: 10
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February 20, 2014, 09:44:54 AM |
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I pledge 10000 nxt
desire the best for NEX!
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it003
Newbie
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February 20, 2014, 09:49:36 AM Last edit: March 11, 2014, 05:31:19 PM by it003 |
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I pledge 10000nxt
Interested
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btc1981
Newbie
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February 20, 2014, 10:01:07 AM Last edit: February 20, 2014, 10:43:40 AM by btc1981 |
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Interested I pledge 700nxt
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ashao1015
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February 21, 2014, 01:25:18 AM |
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I lost 0.1btc in VisaCoin scam
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coloredcoin
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February 22, 2014, 05:49:18 AM |
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interest,3k pledged.
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FrictionlessCoin (OP)
Legendary
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Merit: 1000
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February 22, 2014, 10:41:42 AM |
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tadkis
Newbie
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February 22, 2014, 12:37:19 PM |
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Hello, is it over? Or i can take part now?
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FrictionlessCoin (OP)
Legendary
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Merit: 1000
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February 22, 2014, 01:36:14 PM |
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Hello, is it over? Or i can take part now?
It is over when 1,000,000 Nxt have been pledged.
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poloormaze
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February 22, 2014, 03:22:33 PM |
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you are good at promotion
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cubicdissection
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February 22, 2014, 06:19:55 PM |
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There will be an initial distribution (as discussed in this thread and other threads). After that (yet to be revealed) distribution mechanism will be made available for around a year. Then the distribution drops to a low inflation rate. That is the current plan.
See, it's this "yet to be revealed" part I get hung up on. Some very very smart people thought about it for a long time and came up with nothing. I remain skeptical until more detail comes out on this point.
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flipstyle
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February 23, 2014, 12:51:25 AM |
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Will the nxt payments only be due AFTER the fully working client is released for inspection?
I am now only willing to do my 10,000 nxt pledge based on whether you will accept escrow on the payment (through whatever trusted bct member, 'escrow.ms' comes to mind, free of charge)...and I HIGHLY suggest everyone else in here does so.
There have been a ton of copy pasta IPO schemes lately (most notably stackcoin), so I suggest everyone do their due dilligence before payment. I'm not saying for sure this is a scam, but your copy pasta of the 'proof of burn' concept has set off some alarms for me.
I hope you are willing to accept escrow to gain trust on your 'business model,' else you can count me out. And if not, then I'll be sure to bump my own thread and say 'see guys, I told you so.'
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FrictionlessCoin (OP)
Legendary
Offline
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
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February 23, 2014, 01:28:42 AM |
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Will the nxt payments only be due AFTER the fully working client is released for inspection?
I am now only willing to do my 10,000 nxt pledge based on whether you will accept escrow on the payment (through whatever trusted bct member, 'escrow.ms' comes to mind, free of charge)...and I HIGHLY suggest everyone else in here does so.
There have been a ton of copy pasta IPO schemes lately (most notably stackcoin), so I suggest everyone do their due dilligence before payment. I'm not saying for sure this is a scam, but your copy pasta of the 'proof of burn' concept has set off some alarms for me.
I hope you are willing to accept escrow to gain trust on your 'business model,' else you can count me out. And if not, then I'll be sure to bump my own thread and say 'see guys, I told you so.'
A pledge reserves the right to acquire NEX. Payment will be due after a fully working client is released. So there is no need for the escrow that you are requesting. Maybe you are thinking of some other coin that has an escrow. You don't need to do that here.
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flipstyle
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February 23, 2014, 05:10:32 AM |
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Will the nxt payments only be due AFTER the fully working client is released for inspection?
I am now only willing to do my 10,000 nxt pledge based on whether you will accept escrow on the payment (through whatever trusted bct member, 'escrow.ms' comes to mind, free of charge)...and I HIGHLY suggest everyone else in here does so.
There have been a ton of copy pasta IPO schemes lately (most notably stackcoin), so I suggest everyone do their due dilligence before payment. I'm not saying for sure this is a scam, but your copy pasta of the 'proof of burn' concept has set off some alarms for me.
I hope you are willing to accept escrow to gain trust on your 'business model,' else you can count me out. And if not, then I'll be sure to bump my own thread and say 'see guys, I told you so.'
A pledge reserves the right to acquire NEX. Payment will be due after a fully working client is released. So there is no need for the escrow that you are requesting. Maybe you are thinking of some other coin that has an escrow. You don't need to do that here. Oh ok, thank you for the clarification.
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locus1001
Newbie
Offline
Activity: 11
Merit: 0
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February 23, 2014, 12:25:13 PM |
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I'm in
10,000 NXT
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dave5555
Newbie
Offline
Activity: 52
Merit: 0
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February 23, 2014, 05:07:41 PM |
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250 NXT pledged
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casterlyrock
Newbie
Offline
Activity: 10
Merit: 0
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February 23, 2014, 10:17:54 PM |
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I pledge 10k
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Cygnify
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February 24, 2014, 08:03:19 PM |
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I pledge 10000
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mirador17
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February 26, 2014, 05:02:15 PM |
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I pledge 5000 nxt
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robdax
Newbie
Offline
Activity: 2
Merit: 0
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February 27, 2014, 06:26:38 PM |
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I pledge 10000
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xianglan
Newbie
Offline
Activity: 21
Merit: 0
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February 28, 2014, 03:06:16 AM |
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I pledge 10000
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xiangping1968
Newbie
Offline
Activity: 10
Merit: 0
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February 28, 2014, 03:28:28 PM |
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Insert Quote I pledge 1000
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notsoshifty
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February 28, 2014, 04:36:32 PM |
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Insert Quote I pledge 1000
I pledge 10000
Not the same person at all, I'm sure! (Also not the same as: qingmu1992, lingyong1992, opera1992, shiyang1992, moke1983, zhiyan1993, qq1949, moke1992, zaizai12, etc)
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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March 01, 2014, 10:46:56 AM |
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I pledge 10,000.
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saveawedge
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March 02, 2014, 09:32:27 AM Last edit: March 03, 2014, 01:25:49 PM by saveawedge |
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I pledge 10,000 NXT
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oliviern
Newbie
Offline
Activity: 17
Merit: 0
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March 02, 2014, 03:57:12 PM |
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I pledge 10,000 NXT
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samx-1
Newbie
Offline
Activity: 5
Merit: 0
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March 02, 2014, 06:35:43 PM |
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I pledge 500 NXT
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lcharles123
Legendary
Offline
Activity: 1697
Merit: 1074
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March 03, 2014, 01:22:30 AM |
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I pledge 1000 NXT.
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You have limited power here. -"Bitcoin on Governments"
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Zoella
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March 03, 2014, 03:00:21 PM |
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I'll pledge 1000 NXT.
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tifozi
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March 05, 2014, 12:18:41 PM |
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10k NXT.
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Issac
Member
Offline
Activity: 112
Merit: 10
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March 06, 2014, 01:28:20 PM |
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I pledge 10,000 NXT
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Matija334
Newbie
Offline
Activity: 19
Merit: 0
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March 06, 2014, 06:05:54 PM |
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Hello,
I will also 10000 NXT Pledge (10k)
Thank you!
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cawson
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March 07, 2014, 06:01:02 PM |
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I pledge 10,000 NXT
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chengren
Newbie
Offline
Activity: 57
Merit: 0
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March 07, 2014, 11:19:14 PM |
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I'll pledge 10000 nxt
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FrictionlessCoin (OP)
Legendary
Offline
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
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March 08, 2014, 01:59:31 AM |
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916,948 Nxt Pledged
Offer will close with 1,000,000 Nxt Pledged.
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Conurtrol
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March 08, 2014, 02:20:41 AM |
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I pledge 10,000 NXT
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FrictionlessCoin (OP)
Legendary
Offline
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
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March 08, 2014, 01:49:17 PM |
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I pledge 10,000 NXT
926,948 Pledged. The offer will close at 950,000 Nxt Pledged. The remaining 50,000 Nxt will go to those who have previously pledged under 1,000 Nxt and are not recorded in the spreadsheet. So there is roughly 24,000 Nxt remaining to be pledged.
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gu7008
Member
Offline
Activity: 69
Merit: 10
We are all entering a new era.
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March 09, 2014, 04:55:39 AM |
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I'd like to triple my pledge from the previous 1,000 to 3,000.
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griffinriz
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March 10, 2014, 11:34:05 AM |
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i pledge 2000 NXT
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CryptoKilla
Member
Offline
Activity: 112
Merit: 10
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March 10, 2014, 02:17:19 PM |
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I Pledge 10,000 NXT
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FrictionlessCoin (OP)
Legendary
Offline
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
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March 11, 2014, 03:16:28 PM |
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8,000 Nxt left to pledge and this fundraiser closes.
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utopianfuture
Sr. Member
Offline
Activity: 602
Merit: 268
Internet of Value
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March 11, 2014, 03:40:02 PM |
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8,000 Nxt left to pledge and this fundraiser closes.
Okay I will pledge 8000 so you can close this thread and go to work
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FrictionlessCoin (OP)
Legendary
Offline
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
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March 11, 2014, 03:46:51 PM |
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8,000 Nxt left to pledge and this fundraiser closes.
Okay I will pledge 8000 so you can close this thread and go to work Excellent... best of luck with your NEM project too! Nxt to NEX Fundraising is now closed.
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reesev
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March 12, 2014, 12:46:08 AM |
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is it to late? if not I would pledge 2k
let me know.
Thanks!
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FrictionlessCoin (OP)
Legendary
Offline
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
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March 12, 2014, 01:18:38 AM |
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is it to late? if not I would pledge 2k
let me know.
Thanks!
We'll place you in a wait list just in case someone else backs out.
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Bitseed
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March 13, 2014, 03:42:28 AM |
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Please add to wait list for 10,000 NXT.
Thanks
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Bitseed - dedicated full node hardware
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xiangping1968
Newbie
Offline
Activity: 10
Merit: 0
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March 13, 2014, 08:15:40 AM |
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8,000 Nxt left to pledge and this fundraiser closes.
Okay I will pledge 8000 so you can close this thread and go to work Excellent... best of luck with your NEM project too! Nxt to NEX Fundraising is now closed.Does it mean that NXT will come out soon in March or April ?
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schnötzel
Legendary
Offline
Activity: 1316
Merit: 1041
Bitcoin is a bit**
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March 13, 2014, 10:39:26 AM |
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Please add me
600 NXT
thanks
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FrictionlessCoin (OP)
Legendary
Offline
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
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March 13, 2014, 10:41:25 AM |
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All pledges after March 11, 2014, 03:46:51 PM will go to the waiting list.
If any of the original pledges drops out, then those on the waiting list will be accommodated.
Thanks for your interest!
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allwelder
Legendary
Offline
Activity: 1512
Merit: 1004
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March 13, 2014, 12:19:42 PM |
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10000 pledged.
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EFFV
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March 13, 2014, 03:06:02 PM Last edit: March 19, 2014, 09:34:22 PM by EFFV |
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2500 10000 pledged if someone drops out
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schnötzel
Legendary
Offline
Activity: 1316
Merit: 1041
Bitcoin is a bit**
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March 14, 2014, 09:22:35 AM |
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All pledges after March 11, 2014, 03:46:51 PM will go to the waiting list.
If any of the original pledges drops out, then those on the waiting list will be accommodated.
Thanks for your interest!
I was "interested" here: https://bitcointalk.org/index.php?topic=422052.msg4629741#msg4629741But didn´t see this thread,... ;(
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FrictionlessCoin (OP)
Legendary
Offline
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
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March 14, 2014, 10:28:46 AM |
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You can make a pledge today in case someone drops out of the original list.
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lounge
Member
Offline
Activity: 107
Merit: 10
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March 14, 2014, 01:31:16 PM |
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10000 pledged.
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lijiaren
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March 14, 2014, 01:37:19 PM |
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I want buy NEX! 1000NXT=50000NEX
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soliury
Newbie
Offline
Activity: 3
Merit: 0
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March 14, 2014, 01:38:18 PM |
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OH, i'm late. Plea add me to the waiting list. I Pledge 10,000 NXT
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wujinxing2006
Newbie
Offline
Activity: 37
Merit: 0
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March 14, 2014, 01:43:02 PM |
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OH, i'm late. Plea add me to the waiting list. I Pledge 10,000 NXT
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nakoo
Member
Offline
Activity: 63
Merit: 10
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March 14, 2014, 01:46:46 PM |
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BUY NEX! 1200NXT=60000NEX
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TheSmurfsCoin:Tv9ededswsFxb7HpqiKBx7JorKpqwwu1ZG GameLeagueCoin:GWW4B3z6PAYLPxTMMs1oH4emouaDB2dfYb
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schnötzel
Legendary
Offline
Activity: 1316
Merit: 1041
Bitcoin is a bit**
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March 14, 2014, 05:07:32 PM Last edit: March 14, 2014, 07:40:30 PM by schnötzel |
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You can make a pledge today in case someone drops out of the original list. So I pledge 800 NXT
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FrictionlessCoin (OP)
Legendary
Offline
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
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March 14, 2014, 09:28:31 PM |
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Not to worry. We have not tallied up all those interested.
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johnwhitestar
Sr. Member
Offline
Activity: 697
Merit: 262
Slimcoin - the Proof of Donation inventors!
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March 15, 2014, 02:26:29 PM |
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So what shall I do to have my part, if any? Not to worry. We have not tallied up all those interested.
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FrictionlessCoin (OP)
Legendary
Offline
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
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March 15, 2014, 03:22:40 PM |
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So what shall I do to have my part, if any? Not to worry. We have not tallied up all those interested. If you like of Facebook or follow on Twitter then you can get a larger stake than just submitting your email. Alternatively, you can add yourself to this waiting list.
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johnwhitestar
Sr. Member
Offline
Activity: 697
Merit: 262
Slimcoin - the Proof of Donation inventors!
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March 15, 2014, 05:01:07 PM |
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I don't use Facebook nor I do Twitter, please add me to the waiting list, if possible. So what shall I do to have my part, if any? Not to worry. We have not tallied up all those interested. If you like of Facebook or follow on Twitter then you can get a larger stake than just submitting your email. Alternatively, you can add yourself to this waiting list.
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nergpchen
Member
Offline
Activity: 78
Merit: 10
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March 16, 2014, 05:21:08 AM |
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I want to buy 5000 nxts pledged. Thanks !
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hxmsam
Member
Offline
Activity: 378
Merit: 10
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March 16, 2014, 06:06:20 AM |
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I pledge 5000 nxt Very interested
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misery93
Newbie
Offline
Activity: 5
Merit: 0
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March 16, 2014, 06:31:42 AM |
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10000 nxt pledge interested.
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mface888
Newbie
Offline
Activity: 17
Merit: 0
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March 16, 2014, 06:47:56 AM |
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10000 pledge
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laura@@
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March 16, 2014, 07:23:19 AM |
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10000 nxt pledged. put me in waiting list. thx
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abc1437149187
Newbie
Offline
Activity: 1
Merit: 0
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March 16, 2014, 07:24:28 AM |
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10000 pledged.
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sbls0919
Newbie
Offline
Activity: 15
Merit: 0
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March 16, 2014, 07:30:34 AM |
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10000 pledged.
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da036663
Newbie
Offline
Activity: 2
Merit: 0
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March 16, 2014, 07:30:42 AM |
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10000 nxt pledged. put me in waiting list. thx
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btcbibi
Newbie
Offline
Activity: 25
Merit: 0
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March 16, 2014, 07:35:32 AM |
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10000 pledge
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da036663
Newbie
Offline
Activity: 2
Merit: 0
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March 16, 2014, 07:43:01 AM |
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10000 nxt pledged. put me in waiting list. thx
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crimealone
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March 16, 2014, 11:29:01 AM |
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10000 nxt ! THX
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loicatraile
Newbie
Offline
Activity: 56
Merit: 0
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March 16, 2014, 01:53:25 PM |
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5000 NXT put me in the waiting list
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bitcoinpaul
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March 16, 2014, 02:19:12 PM |
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able to drop out whenever I want?
waiting list 5000 NXT of course.
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JKBtCn
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March 16, 2014, 02:43:52 PM Last edit: March 17, 2014, 12:13:03 PM by JKBtCn |
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waiting list for 5000 NXT
Thanks!
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helloge
Legendary
Offline
Activity: 1057
Merit: 1000
The Experience Layer of the Decentralized Internet
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March 16, 2014, 03:19:03 PM |
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10000 NXT in the waiting list thanks.
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Veromca
Newbie
Offline
Activity: 27
Merit: 0
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March 16, 2014, 03:46:29 PM |
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10000 NXT in the waiting list thanks.
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EvilDave
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March 16, 2014, 08:21:26 PM |
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(1) No database. (2) Poor wallet security. (3) Insecure proof of stake scheme. (4) Difficult address formatting. (5) Closed source (6) Anonymous founder and anonymous developers (7) 21 BTC buy 100% of 1 billion coins, how fair is that? ( Uneven distribution, 4 guys have like 70% of all the coins. Please let us know what NEX will do compared to NXT. (1 ) What database will you implement? What programming language btw.? (2 ) How is the proposed security mechanism? Some pseudo-code would be nice. (3 ) How is the currently implemented PoS insecure? How do you intend to improve it? Give some technical details please. (4 ) How is the address space of NEX designed? (5 ) Where did you upload the alpha version of NEX? It's open from the beginning I assume, right? (6 ) You are Carlos Perez, correct? Who are your developers? (7 ) You plan to rise 1 Mio NXT as buyin, how is that fair compared to the 21 BTCs? (8 ) How will you defend issuing NEX to the same guys (sockpuppet problem)? What will be your stake in NEX? What stakes will your partners and developers get? I'm looking forward to your honest and detailed answers. There will be no answers...there is no product. No client, no coin, no dev team. Just the FCs and a bunch of soon to be poorer "investors" Correct me if I'm wrong, Carlos. Or just show some product..... BTW; hows the Zenithcoin pumping working out for ya?
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blackswan121
Member
Offline
Activity: 70
Merit: 10
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March 16, 2014, 08:38:13 PM |
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10000 nxt pledged add me on waiting list
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mcjavar
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March 16, 2014, 11:00:27 PM |
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I'd like to invest 10000 Nxt.
Please add me to the list.
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zifcom
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March 17, 2014, 05:04:15 AM |
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1000 nxt pledge interested.
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jeffyeah
Newbie
Offline
Activity: 45
Merit: 0
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March 18, 2014, 04:24:28 PM |
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I'd like to invest 10000 Nxt.
Please add me to the list.
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roserose
Member
Offline
Activity: 68
Merit: 10
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March 19, 2014, 06:13:10 AM Last edit: March 19, 2014, 11:12:34 AM by roserose |
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I'd like to invest 10000 Nxt. Please add me to the list.
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damei
Newbie
Offline
Activity: 15
Merit: 0
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March 19, 2014, 07:48:12 AM |
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10000 nxt pledged add me on waiting list.Thanks.
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hengda
Newbie
Offline
Activity: 7
Merit: 0
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March 19, 2014, 09:54:10 AM |
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I'd like to invest 10000 Nxt.
Please add me to the list.
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luneng
Newbie
Offline
Activity: 24
Merit: 0
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March 19, 2014, 10:07:30 AM |
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10000 NXT in the waiting list thanks.
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shenhua
Newbie
Offline
Activity: 16
Merit: 0
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March 19, 2014, 11:36:24 AM |
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10000 nxt pledged add me on waiting list.
Thanks.
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baxi
Newbie
Offline
Activity: 32
Merit: 0
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March 19, 2014, 12:11:55 PM |
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I'd like to invest 10000 Nxt.
Please add me to the list.
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yinggelan
Newbie
Offline
Activity: 7
Merit: 0
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March 19, 2014, 12:24:46 PM |
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10000 nxt pledged add me on waiting list.
Thanks.
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fanlanxi
Newbie
Offline
Activity: 7
Merit: 0
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March 19, 2014, 12:39:10 PM |
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10000 nxt pledged. put me in waiting list.
thx.
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agenting
Newbie
Offline
Activity: 24
Merit: 0
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March 19, 2014, 12:56:36 PM |
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I'd like to invest 10000 Nxt.
Please add me to the list.
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meiguo
Newbie
Offline
Activity: 27
Merit: 0
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March 19, 2014, 01:12:18 PM |
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10000 nxt pledged add me on waiting list.Thanks.
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eluosi
Newbie
Offline
Activity: 16
Merit: 0
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March 19, 2014, 01:28:47 PM |
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I'd like to invest 10000 Nxt.
Please add me to the list.
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wulagui
Member
Offline
Activity: 66
Merit: 10
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March 19, 2014, 04:04:43 PM |
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10000 nxt pledged add me on waiting list.
Thanks.
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dongjingtq
Newbie
Offline
Activity: 4
Merit: 0
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March 19, 2014, 05:16:56 PM |
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10000 nxt pledged add me on waiting list.Thanks.
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wukelan
Member
Offline
Activity: 65
Merit: 10
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March 19, 2014, 05:32:15 PM |
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I'd like to invest 10000 Nxt.
Please add me to the list.
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gomei
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March 20, 2014, 03:58:18 AM |
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10000 nxt pledged. thanks
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| .Ambit. | | | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ █████ ██ ████████████ | | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ █████ ██ ██ ████████████ | | | | | | | │ | | │ |
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kelpa
Newbie
Offline
Activity: 48
Merit: 0
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March 20, 2014, 05:15:02 PM |
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I'd like to invest 1000 Nxt.
Please add me to the list!
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shaman2000
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March 20, 2014, 07:23:21 PM |
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10000 nxt pledged add me on waiting list.Thanks.
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KoshaKosha
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March 23, 2014, 06:11:53 AM |
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3000 nxt pledged
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jeffyeah
Newbie
Offline
Activity: 45
Merit: 0
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March 24, 2014, 02:33:22 PM |
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10000 nxt pledged. put me in waiting list. thx
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lzcf2014
Newbie
Offline
Activity: 14
Merit: 0
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March 24, 2014, 04:55:05 PM |
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I'd like to invest 5000 Nxt.
Please add me to the list!
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Wesiematic
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March 29, 2014, 02:01:40 PM |
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- 1000 Nxt pledged - please add me to the waiting list.
Thx
|
there is always a light at the end of the tunnel...
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mrv777
Member
Offline
Activity: 83
Merit: 10
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March 31, 2014, 05:52:41 PM |
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I would like to pledge 1000 NXT Thank you
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NXT: NXT-BK2J-ZMY4-93UY-8EM9V Lisk: 11380384760969655418L (MrV)
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Knifemann
Newbie
Offline
Activity: 1
Merit: 0
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March 31, 2014, 06:59:07 PM |
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would like to pledge 10k NXT, please add me to the list, thx
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FrictionlessCoin (OP)
Legendary
Offline
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
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March 31, 2014, 08:31:36 PM |
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would like to pledge 10k NXT, please add me to the list, thx
Please note that this is a waiting list and there is no guarantee that you have a spot. Thanks!
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Djinou94
Legendary
Offline
Activity: 1036
Merit: 1000
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April 04, 2014, 12:36:16 AM |
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I would like to invest 2500 nxt
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Shivalein
Member
Offline
Activity: 117
Merit: 10
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April 14, 2014, 03:57:01 PM |
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Hi,
I would like to pledge 10.000 NXT
Please let me know if there is a spot.
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jenea4pda
Sr. Member
Offline
Activity: 382
Merit: 250
Iota and JINN
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April 14, 2014, 07:31:50 PM |
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When You will lunch Your coin? I'm interested in! 10000 coins please
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www.iotatoken.com https://twitter.com/iotatokenIota is a brand new and novel micro-transaction cryptotoken optimized for the Internet-of-Things (IoT). Unlike the complex and heavy blockchains of Bitcoin and the like, which were designed with other uses in mind, Iota is created to be as lightweight as possible, hence the name "Iota" with emphasis on the ‘IoT’ part.
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Deviant1
Member
Offline
Activity: 83
Merit: 10
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April 17, 2014, 06:16:04 PM |
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I've got a bunch of NXT so I would like to pledge 10,000 NXT for the trade in. Please add me to the queue.
Thanks!
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appsam920
Newbie
Offline
Activity: 24
Merit: 0
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April 18, 2014, 11:39:49 AM |
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I want to pledge 10000 NXT. Add me to waiting list plz
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HarriHirsch
Member
Offline
Activity: 94
Merit: 10
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April 18, 2014, 02:05:22 PM |
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Is there still the possibility to become investor?
How much is the minimal Amount to invest?
Greetings,
Harri
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nismhjt
Newbie
Offline
Activity: 32
Merit: 0
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April 18, 2014, 02:23:34 PM |
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I pledge 15000
please add me to waiting list
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Momimaus
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April 18, 2014, 03:54:44 PM |
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I´m interested with 10000 coins
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CoinTracking.info - Your personal Profit / Loss Portfolio Monitor and Tax Tool for all Digital CoinsCoinTracking is analyzing all your trades and generates in real time tons of useful information such as the profit / loss of your trades, your balances, realized and unrealized gains, reports for tax declaration and many more. For Bitcoin and over 3000 altcoins, assets and commodities. Get 10% discount for all packages or create your own affiliate link to get 20% for every sale.
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siva_gami1203
Newbie
Offline
Activity: 22
Merit: 0
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April 18, 2014, 09:54:26 PM |
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I pledge 20000NXT
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sampsonm
Newbie
Offline
Activity: 20
Merit: 0
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April 19, 2014, 04:03:03 AM |
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I will pledge 5000 NXT.
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minuchi.str
Newbie
Offline
Activity: 32
Merit: 0
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April 19, 2014, 09:03:39 PM |
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I pledge 100000 NXT
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hloren70
Member
Offline
Activity: 72
Merit: 10
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April 20, 2014, 12:18:53 PM |
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I'm in for 10,000 Nxt.
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U
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April 26, 2014, 08:55:49 AM |
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10000 pledged.
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Bitcoin Ethereum TERA
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blueface
Newbie
Offline
Activity: 56
Merit: 0
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April 26, 2014, 12:00:41 PM |
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I would like to invest 10000 NXT. Add me to waiting list plz:D
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crimealone
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April 26, 2014, 01:56:10 PM |
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30000 pledged
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CoinManiac
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May 01, 2014, 07:25:30 AM |
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Is there any official announcement date? or the project is dead
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NEM NXT NXTL NEX
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acdc
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May 01, 2014, 11:46:48 AM |
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15k NXT pledged
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FrictionlessCoin (OP)
Legendary
Offline
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
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May 01, 2014, 01:31:58 PM |
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Is there any official announcement date? or the project is dead
Apologies, we've encounterred development delays. We likely will reduce scope of a bit to be able to release sooner.
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CoinManiac
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May 26, 2014, 04:28:59 AM |
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No updates. No announcements
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NEM NXT NXTL NEX
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bitstock
Member
Offline
Activity: 89
Merit: 10
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May 27, 2014, 01:45:32 AM |
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10000 NXT!THX
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FrictionlessCoin (OP)
Legendary
Offline
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
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June 03, 2014, 03:30:27 PM Last edit: June 09, 2014, 10:13:25 AM by FrictionlessCoin |
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Announcement: Code to be released for testing on July 8th, 2014
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CoinManiac
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June 03, 2014, 04:05:11 PM |
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Announcement: Code to be released for testing on June 8th, 2014
Finally some updates...
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NEM NXT NXTL NEX
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BigBoozie
Jr. Member
Offline
Activity: 52
Merit: 50
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June 16, 2014, 01:21:42 PM |
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So, how is the code looking
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josephliton
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July 12, 2014, 03:01:44 PM |
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I want invest 2000 NXt,count me plz.
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XNext
Newbie
Offline
Activity: 56
Merit: 0
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August 07, 2014, 08:46:25 AM |
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8000NXT pledged.
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FrictionlessCoin (OP)
Legendary
Offline
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
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September 15, 2014, 12:10:11 AM |
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50,000,000 NEX has been issued in the Nxt Asset Exchange.
Asset Id: 4420962345269767688
Please send PM from the account you signified in your original pledge.
Please wait for a confirmation message as to the amount of NEX you will be allowed to purchase.
Any NEX that have not been purchased through this method will be offered to participants in the waiting list and on the open market.
Thank you.
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alrose
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September 15, 2014, 07:31:46 AM |
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Is there any more information about the code?
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samsonite
Newbie
Offline
Activity: 16
Merit: 0
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September 16, 2014, 07:13:13 PM |
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Has anyone gotten the confirmation PM back after sending Frictionless coin a PM?
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rtstrx
Newbie
Offline
Activity: 20
Merit: 0
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October 06, 2014, 12:08:52 PM |
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What happens FrictionlessCoin ?? It's a scam your NEX currency
Nobody sent NXT for you.
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