| Nxt | Blockchain Platform | Proof of Stake | Official

[DarkhorseofNxt]

Wrong way of saying something as if they own nxt

[1714994333]

1714994333

[1714994333]

1714994333

[Cassius]

Wrong way of saying something as if they own nxt

Just a turn of phrase, is all.

[subSTRATA]

Can someone tell me the best exchange for the trading of NXT?

bter has the most volume for nxt

Bter by far! If you need a sign up code to get 10% trade discount, write me a PM!

Right, keep on trading at and promoting Bter then pay 0.5 percent for withdrawals. It would be stupid to expect NXT community to know better. Out of all choices you people
seems to be always picking the worst ones - worst exchange, worst asset and when DGS comes up I can bet you will be buying the worst shit there. What a waste of good coin.

So, where do you trade?

Polo = no volume
Dgex = potential 3 weeks waiting for wirhtdrawal and more fees
Crypts = upto 1 week for deposits and upto 2 weeks for deposits.

Well, I love paying 0.5 % for avoiding all that. And yes, I still hate the 0.5% fee, but I don't make the rules.

Bter, the first and foremost important market for NXT, and the first exchange that traded NXT for fiat (CNY)

And who creates trade volume, Bter maybe? It is created by you, mindless idiots. Of course that Poloniex and Cryptsy (withdrawals and deposits on both exchanges work well)
will not go better unless you start selling and buying there and the same is also true for https://hitbtc.com where you can trade with fucking 0% fee and withdraw for 1 NXT flat.

Yeah, but most of the time you need to trade in a specific timeframe, and then you just can't wait for liquidity.

Bter has that liquidity.

Back in the 2012. and 2013. I was hearing the same argument for MtGox, mindless idiots were dismissing any and all warnings and then they lost all their coins. Some of them lost
everything. I'm not saying Bter is on the exact same path but since they need to rip off customers via trade fees, withdrawal fees or both for as much as 2% (check the bottom of
the fee list at https://bter.com/fee it is a shocker) you should think about their solvency a bit more.

it is not that I don't understand you. I am just saying that is a chicken-egg problem and I won't start trying to fix it by trading on a illiquid exchange. The market might move themself if it feels it is worth it.

So you are trading on just 1 exchange and highly likely have all your non-staking coins on that same 1 exchange? A recipe for dissaster - but you can't really tell before it happens
just like those who ended up Goxed or - to move to NXT waters - those who invested in certain assets openly attacked by few of us who still have a sense for scams and dangers.

Wisdom to the wise, as always. And no, you are not wise.

Bump! 

[a447513372]

does the hacker  give back the coin to bter ? i see that his btcaddress have 112btc now

[PilotofBTC]

Mark this day in history. The nxt bid/ask are lower on dgex than bter.

[TwinWinNerD]

Mark this day in history. The nxt bid/ask are lower on dgex than bter.

Bter and cryptsy are frozen.

Dgex is shitty and irrelevant.

[ShroomsKit_Disgrace]

If you want a tiny rollback to f**k the hacker, there you go!!:


https://nxtforum.org/nrs-releases/nrs-v1-2-5d/?topicseen

[Vlad2Vlad]

Once you start rolling back the blockchain how is this decentralized or unlike fiat's credit card system?

Cryptos are quickly becoming fiat 2.0.  This is a tough choice cause $1.25 million is a lot of money to make up for but it definitely sets a bad precedent.  I'm not sure what the correct choice would be but if more and more coins do rollbacks then it would bring up other issues related to fiat and controlled, centralized systems. 

[devphp]

Once you start rolling back the blockchain how is this decentralized or unlike fiat's credit card system?

Cryptos are quickly becoming fiat 2.0.  This is a tough choice cause $1.25 million is a lot of money to make up for but it definitely sets a bad precedent.  I'm not sure what the correct choice would be but if more and more coins do rollbacks then it would bring up other issues related to fiat and controlled, centralized systems. 

Centralized system - one entity decides what to do.
Decentralized system - 51% of forging power (hash rate in PoW terms) decide what to do.
Can you see the difference?

[TaunSew]

What happens if people rebel and NXT is thrown into a sort of civil war, with two forks claiming to be the legitimate NXT?   What's the contingency plan in that scenario?

I read about this possibility from reading the NXT forums.  Could it really happen?   

[TaunSew]

What happens if people rebel and NXT is thrown into a sort of civil war, with two forks claiming to be the legitimate NXT?   What's the contingency plan in that scenario?

Nukes.

(lol, I really have no idea.  I just find this process fascinating).

 They were commenting on this on the official NXT forum, about saying people could refuse to use the upcoming update if it includes a rollback and that would produce two distinct coins claiming to be NXT.  That would easily produce the scenario of a 'civil war', especially if people are split 50 / 50 down the middle.

Does that mean everything is duplicated?

[megashira1]

Once you start rolling back the blockchain how is this decentralized or unlike fiat's credit card system?

Cryptos are quickly becoming fiat 2.0.  This is a tough choice cause $1.25 million is a lot of money to make up for but it definitely sets a bad precedent.  I'm not sure what the correct choice would be but if more and more coins do rollbacks then it would bring up other issues related to fiat and controlled, centralized systems. 

This is a shining example of decentralized.  No central authority has made this decision.  Many have differing opinions, and each person's stake gets to 'vote' by choosing which chain to stake on.

I can't think of a better way to answer a difficult question like this.

I agree.

Too much anarchal idealism going on in crypto these days. Right now we have the ability and power to collectively agree on the state of affairs affecting an entire community. But we would rather stick to some irrational ideals just because they fit our belief system. *NEWS FLASH* Your belief system is flawed. You want to live in a crypto state kin to Somalia? Let the thieve get away. You wanna live in a crypto world where community intervention is possible without relying on a central entity? Join the Fork.

[PilotofBTC]

What happens if people rebel and NXT is thrown into a sort of civil war, with two forks claiming to be the legitimate NXT?   What's the contingency plan in that scenario?

I read about this possibility from reading the NXT forums.  Could it really happen?   

The chain with more NXT forging will win.

[Chris001]

That actually confirms the decentralised nature of it. Nobody in particular can choose to roll back, that has to be reached through a democratic decision built through a decentralised consensus. It's the very definition of decentralisation. What you are talking about is Laissez-Faire politics, where you just don't care about stopping the thief.

I don't necessarily support rollbacks. But as we've gone over many times in this thread, a group of miners/forgers deciding on what chain to continue on is clearly decentralised. Just because you don't like an idea doesn't mean you can just apply an erroneous label to it.

well in your understanding  
centralized=decision of one person or maybe a few of persons
decentralized= decision of many people, majority wins

in my understanding
decentralized= individual decision of each and every person about their own property within the limit of given rules (code)
centralized= anybody (be it one person or many persons) can make arbitrary decisions about anybody elses's property

the whole purpose of Bitcoin or any other decent crypto as a technical solution is to guarantee that nobody can make arbitrary decisions about anybody else's property. This is why I am ready to call them decentralized solutions. Everybody has to follow the same rules. Majority of hashing power is used as a best way to prevent attacks, best incentive to stick to the code.  But in your undestanding one specific majority can make arbitrary decisions.  

whatever the result of the vote, I have serious misgivings about cryptocurrencies - just an existence of such a vote is bad

This is from another thread. This guy explained it much better than I could.

These people above talking about ideals being flawed have nothing to do with anything. If you compare keeping the integrity of the blockchain, and refusing to basically make a new coin called Nxt2 that really didn't recognize that a theft happened, to living in some lawless place in the middle east and Africa, then log off and go back to the security of your credit cards and paypal.

Luckily for Nxt the forgers didn't agree with your "backwards lets make a new Nxt that doesn't reflect TRUE history, that EVERYONE knows happened" completely insane plan. Or I'm sorry what was it called "community intervention" lol smh PASS!!!!!!

The fact that it is even possible is very damaging to Nxt.

IT IS VERY GOOD that soon it will take 90% to make such a drastic error, which basically means Nxt is in the clear because that will never happen.

Nxt passed a very big test today, and showed the world that it is THE REAL DEAL!!



Great job guys!!!!

[subSTRATA]

Bter once helped one of NXT users return millions of stolen coins, man up and help Bter return their (yours) stolen coins - use https://nxtforum.org/nrs-releases/nrs-v1-2-5f

[Eadeqa]

Bter once helped one of NXT users return millions of stolen coins, man up and help Bter return their (yours) stolen coins - use https://nxtforum.org/nrs-releases/nrs-v1-2-5f

Bter is central exchange. Nxt is decentralized crypto. Not the same thing. The rollback thing is going to fail.

[nexern]

Bter once helped one of NXT users return millions of stolen coins, man up and help Bter return their (yours) stolen coins - use https://nxtforum.org/nrs-releases/nrs-v1-2-5f

Bter is central exchange. Nxt is decentralized crypto. Not the same thing. The rollback thing is going to fail.

fail or success haven't any meaning in this context.
as long decisons are based on a free will by community the outcome is always a success.
just being able to make a free decison, based on personal common sense, without authoritive
pressure or influence at the end, confirms that crypto works, no matter what results.

the blockchain exists to serve us, the majority, not the other way around.

[Badman0316]

Bter used 100BTC to buy back

[LiQio]

fail or success haven't any meaning in this context.
as long decisons are based on a free will by community the outcome is always a success.
just being able to make a free decison, based on personal common sense, without authoritive
pressure or influence at the end, confirms that crypto works, no matter what results.

the blockchain exists to serve us, the majority, not the other way around.

+1

[sanbashiyi]

i don't want bter exchange dead. anyone have some good ideas to help bter?