| Nxt | Blockchain Platform | Proof of Stake | Official

[ShroomsKit_Disgrace]

Delution of the money supply.................... I loved nxt till now........ how are we still tolerating this BS???

Why are you saying this Lophie? Or even this?:

I just noticed the dilution. I am very disappointed. NXT has no future but as a SCAM coin because of this. It is gicing more trouble than what it is trying to fix.

What "dilution" are you talking about? What have just happened to change your mind???

[Eadeqa]

Just a reminder, we need devs to help CIYAM test AT.  Please post if you can help, it's a very important project and we need all available resources helping CIYAM.

https://nxtforum.org/automated-transactions/information-of-the-at-project/

http://ciyam.org/open/?cmd=view&data=20140220164742097000&ident=M100V137&chksum=065ecf7d

Do we need 'proper' testers or can click-around-and-hope-for-the-best testers be useful?

At this point he needs proper dev testers.  It's a fairly technical project and there is no UI for the layman to test (like AE).  

I believe he needs coders to write unit tests (java coders).

I don't think so. Unit tests are written in some kind of assembly code. I doubt many people can help here.


 

[lophie]

Delution of the money supply.................... I loved nxt till now........ how are we still tolerating this BS???

Why are you saying this Lophie? Or even this?:

I just noticed the dilution. I am very disappointed. NXT has no future but as a SCAM coin because of this. It is gicing more trouble than what it is trying to fix.

What "dilution" are you talking about? What have just happened to change your mind???

• NQT (nxtQuant)
  nxtQuant, or 0,00000001 NXT, goes live at block 132,000.

For every single reason that makes me believe in bitcoin, now is making me tell you all. NXT is a JOKE. You had something good and took it too far, you broke it.

BCNxt is a genius of approached a problem very nicely (mining in a 100% proof of stake). The initial spread of the NXT was not the best (I have better suggestions to post later) but it is still accepted. Maybe you all forgot suddenly but bitcoin is making money out of thin air and this is why everyone is losing their minds about it all over the globe. It got attraction because for the people who understands the economics involving bitcoin find it very sound.

Good luck going anywhere toward a main stream crypto when you increase the money supply by 10^6 at a certain block, forcing all users to adopt the chain by unifying the client from one source and giving existing owners of 100% of the supply 10^6 more tokens in the system in a flash? You really expect the price to "increase" and "to the moon"? Get real!

What do you provide? asset exchange and other features? the source is open and actually a smaller well connected forked network will perform better for the asset exchange NXT is offering.

Congrats guys, Block 132,000 is the death of nxt as a crypto "currency". Maybe it will survive as something else but it definitely dead in my eyes as a decenteralized crypto currency. Even NovaCoin suffered less than what NXT would, very soon.........

suggestion? reboot the network, new genesis; or stop the delution before it hits.

[Conurtrol]

They are just adding decimal places. What is wrong with that?

[ShroomsKit_Disgrace]

I am trying to understand what Lophie've just said. And It is not an easy task....

[Eadeqa]

For every single reason that makes me believe in bitcoin, now is making me tell you all. NXT is a JOKE. You had something good and took it too far, you broke it.

BCNxt is a genius of approached a problem very nicely (mining in a 100% proof of stake). The initial spread of the NXT was not the best (I have better suggestions to post later) but it is still accepted. Maybe you all forgot suddenly but bitcoin is making money out of thin air and this is why everyone is losing their minds about it all over the globe. It got attraction because for the people who understands the economics involving bitcoin find it very sound.

Good luck going anywhere toward a main stream crypto when you increase the money supply by 10^6 at a certain block, forcing all users to adopt the chain by unifying the client from one source and giving existing owners of 100% of the supply 10^6 more tokens in the system in a flash? You really expect the price to "increase" and "to the moon"? Get real!

What do you provide? asset exchange and other features? the source is open and actually a smaller well connected forked network will perform better for the asset exchange NXT is offering.

Congrats guys, Block 132,000 is the death of nxt as a crypto "currency". Maybe it will survive as something else but it definitely dead in my eyes as a decenteralized crypto currency. Even NovaCoin suffered less than what NXT would, very soon.........

suggestion? reboot the network, new genesis; or stop the delution before it hits.

Fractional nxt is dilution? What nonsense.  It's not going to do anything to the price, either up or down.  It's not "dilution."  It allows us to have lower transaction fees (absolutely essential) if 1 nxt price becomes too high.

This was absolutely essential change and should have happened long time ago.

[Bitventurer]

Delution of the money supply.................... I loved nxt till now........ how are we still tolerating this BS???

Why are you saying this Lophie? Or even this?:

I just noticed the dilution. I am very disappointed. NXT has no future but as a SCAM coin because of this. It is gicing more trouble than what it is trying to fix.

What "dilution" are you talking about? What have just happened to change your mind???

• NQT (nxtQuant)
  nxtQuant, or 0,00000001 NXT, goes live at block 132,000.

For every single reason that makes me believe in bitcoin, now is making me tell you all. NXT is a JOKE. You had something good and took it too far, you broke it.

BCNxt is a genius of approached a problem very nicely (mining in a 100% proof of stake). The initial spread of the NXT was not the best (I have better suggestions to post later) but it is still accepted. Maybe you all forgot suddenly but bitcoin is making money out of thin air and this is why everyone is losing their minds about it all over the globe. It got attraction because for the people who understands the economics involving bitcoin find it very sound.

Good luck going anywhere toward a main stream crypto when you increase the money supply by 10^6 at a certain block, forcing all users to adopt the chain by unifying the client from one source and giving existing owners of 100% of the supply 10^6 more tokens in the system in a flash? You really expect the price to "increase" and "to the moon"? Get real!

What do you provide? asset exchange and other features? the source is open and actually a smaller well connected forked network will perform better for the asset exchange NXT is offering.

Congrats guys, Block 132,000 is the death of nxt as a crypto "currency". Maybe it will survive as something else but it definitely dead in my eyes as a decenteralized crypto currency. Even NovaCoin suffered less than what NXT would, very soon.........

suggestion? reboot the network, new genesis; or stop the delution before it hits.

does it mean you sold your whole nxtstake? how much did you had??!?

[Eadeqa]

I am trying to understand what Lophie've just said. And It is not an easy task....

If you check his posting history, he has been selling millions of nxt for a while (he was original stakeholder).l  Obviously he doesn't have any more nxt left to sell.

What he said was total nonsense.

[lophie]

Start with a couple of questions that I asked myself in 2010, Why would a satoshi worth anything to begin with? How does the bitcoin protocol ensure the money supply? What does it mean if that changed (Generation rate of money supply,  amount of tokens in the system, etc). If someone would suggest that this can be added to bitcoin I would argue that it is not the same because the paradigm of token distribution is VERY different.

[Conurtrol]

I see a 10 BTC buy order on BTER. Hmmm...

[lophie]

I am trying to understand what Lophie've just said. And It is not an easy task....

If you check his posting history, he has been selling millions of nxt for a while (he was original stakeholder).l  Obviously he doesn't have any more nxt left to sell.

What he said was total nonsense.

hehe, assuming I am out of nxt gave me giggles.
 
Really if you ever argued with me you would know that I only care about the arguement I am not a FUD guy.

[Ludom]

@lophie : do you have a solution for the transaction fees. 1 NXT is too much for the development of the Nxt platform.

And BCNext wasn't against that : https://bitcointalk.org/index.php?topic=303898.msg3331297#msg3331297

I don't understand your angry post. It's not a new idea.

[lophie]

@lophie : do you have a solution for the transaction fees. 1 NXT is too much for the development of the Nxt platform.

And BCNext wasn't against that : https://bitcointalk.org/index.php?topic=303898.msg3331297#msg3331297

I don't understand your angry post. It's not a new idea.

0.01NXT as proposed in the original code? Something that doesnt need a hard fork because of PROTOCOL CHANGE!

[timmyd]

yes im sorry lophie but adding the decimals will enable nxts price to rise. we can now use a lower fee and allow nxt to climb. the guys who have lotsnof nxt will not have more nxt but they will be able send more transactions. everyones balances will effectivley still be the same they just have cheaper fees and more valuble nxt
 

[Labteck]

nxtQuant is good.

This is the name given to 0.00000001 NXT (or 10^-8 in mathematical shorthand) in the Nxt code and abbreviated to NQT. nxtQuants are equivalent to satoshis in Bitcoin and allows NXTs to be highly divisible, making them tradable with coins that have values many decimal places higher or lower than Nxt. nxtQuant is currently a temporary name.

http://wiki.nxtcrypto.org/wiki/Glossary

 

[Damelon]

I am trying to understand what Lophie've just said. And It is not an easy task....

What hé is saying is that the amount of tokens in the system will be multiplied by 10^6.

Actually, what is happening is that we are just allowing transactions of fractions. Nxt is still the only basis and is not increased. 1 billion (even less than that)

Because if what he says is true, this would mean that we had multiplied it by a lot more.

He is confusing a "label" with a "thing".

We will for instance also allow the transacting of 0,001 Nxt, but have given it no discrete name. If we had, would this have increased the amount of tokens? Of course not.

Name =/= substance.

[Eadeqa]

It's like saying that if you have $100 bill, and you convert it to 100000 cents , you just diluted your money.

There is no logic to to that claim as $100 = 100000 cents

[lophie]

Well to avoid digging in an issue that this community might overcome I will summarise by quoting myself:
 

Start with a couple of questions that I asked myself in 2010, Why would a satoshi worth anything to begin with? How does the bitcoin protocol ensure the money supply? What does it mean if that changed (Generation rate of money supply,  amount of tokens in the system, etc). If someone would suggest that this can be added to bitcoin I would argue that it is not the same because the paradigm of token distribution is VERY different.

Also adding that quant idea is assigning a new initial value for nxt by the devs.

That is my arguement.

[Fatih87SK]

Lophie,

I dare you to come to https://nxtforum.org and talk with Come-from-Beyond about this.

But I don't know if he has time to answer your FUD.

[timmyd]

It's like saying that if you have $100 bill, and you convert it to 100000 cents , you just diluted your money.

There is no logic to to that claim as $100 = 100000 cents

precisley but it just became easier to use and possibilly accepted at more shops. Here in the uk we struggle to use £50 notes but we can spend it easier split up into multiples.