| Nxt | Blockchain Platform | Proof of Stake | Official

[ilic]

Just reading your economic paper: https://docs.google.com/file/d/0BwAGADgnQcrtdXE5MkF5S05oaHM/edit?pli=1

Some questions:
-Do you want Nxt to be used as money (medium of exchange + store of value)? Because on page 4 I read "Deflation is not much better than inflation. 'Real' coins should be created on top of Nxt, and be issued in quantities that keep their value constant."

-Do you want to increase the amount of 1 billion Nxt? On page 4 it says "there is no limit for a specific type of monetary expansion".

I really like Nxt, but these economics discourage my enthusiasm

i too am quite interested in NXT, i'd be interested for an answer to this too as coming from a tradtional mine and trade crypto background I dont quite get the payment system platforms like NXT and Ripple

Have you got sum mentle problems bro ? what dont u get ? The payment system is perfect , nxt is perfect . Stop spreading FUD  all da time. Go back to ur shit coin n bitch.
nxt to da moon 

It appears you have your own set of problems which you should seek help for.

For those that answered appropriately, thanks.  I actually hold some NXT and think it is one of only a handful of alt currencies that will be around for a long time to come.

Another question, so if the total amount of NXT is set, how does forging work then?  If the total amount is 999,997,096, where are these forged coins coming from?  sorry if dumb question, I am just trying to learn more about it

[1714924702]

1714924702

[1714924702]

1714924702

[1714924702]

1714924702

[achimsmile]

Just reading your economic paper: https://docs.google.com/file/d/0BwAGADgnQcrtdXE5MkF5S05oaHM/edit?pli=1

Some questions:
-Do you want Nxt to be used as money (medium of exchange + store of value)? Because on page 4 I read "Deflation is not much better than inflation. 'Real' coins should be created on top of Nxt, and be issued in quantities that keep their value constant."

-Do you want to increase the amount of 1 billion Nxt? On page 4 it says "there is no limit for a specific type of monetary expansion".

I really like Nxt, but these economics discourage my enthusiasm

i too am quite interested in NXT, i'd be interested for an answer to this too as coming from a tradtional mine and trade crypto background I dont quite get the payment system platforms like NXT and Ripple

Have you got sum mentle problems bro ? what dont u get ? The payment system is perfect , nxt is perfect . Stop spreading FUD  all da time. Go back to ur shit coin n bitch.
nxt to da moon 

It appears you have your own set of problems which you should seek help for.

For those that answered appropriately, thanks.  I actually hold some NXT and think it is one of only a handful of alt currencies that will be around for a long time to come.

Another question, so if the total amount of NXT is set, how does forging work then?  If the total amount is 999,997,096, where are these forged coins coming from?  sorry if dumb question, I am just trying to learn more about it

Transaction fees. Every Nxt transaction costs min. 1 Nxt

[nxt2damoon]

Just reading your economic paper: https://docs.google.com/file/d/0BwAGADgnQcrtdXE5MkF5S05oaHM/edit?pli=1

Some questions:
-Do you want Nxt to be used as money (medium of exchange + store of value)? Because on page 4 I read "Deflation is not much better than inflation. 'Real' coins should be created on top of Nxt, and be issued in quantities that keep their value constant."

-Do you want to increase the amount of 1 billion Nxt? On page 4 it says "there is no limit for a specific type of monetary expansion".

I really like Nxt, but these economics discourage my enthusiasm

i too am quite interested in NXT, i'd be interested for an answer to this too as coming from a tradtional mine and trade crypto background I dont quite get the payment system platforms like NXT and Ripple

Have you got sum mentle problems bro ? what dont u get ? The payment system is perfect , nxt is perfect . Stop spreading FUD  all da time. Go back to ur shit coin n bitch.
nxt to da moon  

It appears you have your own set of problems which you should seek help for.

For those that answered appropriately, thanks.  I actually hold some NXT and think it is one of only a handful of alt currencies that will be around for a long time to come.

Another question, so if the total amount of NXT is set, how does forging work then?  If the total amount is 999,997,096, where are these forged coins coming from?  sorry if dumb question, I am just trying to learn more about it

Transaction fees. Every Nxt transaction costs min. 1 Nxt

1 nxt is nothing , visa charge 2.5%
u want stuff free , nothing is free n stop bitching here . I f you dont like NXT go back to someplace and moan. NXT is a best, We own all shit coins  

[Eadeqa]

Transaction fees. Every Nxt transaction costs min. 1 Nxt

Transaction fee can be lowered sometime  in future. Right now it's still only 7 to 8 cents.

[ilic]

Transaction fees. Every Nxt transaction costs min. 1 Nxt

Transaction fee can be lowered sometime  in future. Right now it's still only 7 to 8 cents.

ah, thanks, makes sense. 

[nxt2damoon]

Transaction fees. Every Nxt transaction costs min. 1 Nxt

Transaction fee can be lowered sometime  in future. Right now it's still only 7 to 8 cents.

CHEAP as fuck and the retards still moan / im sick of them spreading FUD
NXT is shit, NXT is a scam, 1 nxt tx fee is to much Lol.

[ShroomsKit_Disgrace]

LOL so now we have an ultra-NXT-supporter but offensive troll? 

[achimsmile]

LOL so now we have an ultra-NXT-supporter but offensive troll? 

I never thought that I'd say this, but I like the contra Nxt trolls more than the pro Nxt trolls. Emule, where are you when we need you?

[Eadeqa]

LOL so now we have an ultra-NXT-supporter but offensive troll?  

no, he is just as a sock puppet of Come-from-Above

and he is trolling.

put him on ignore

[lovely89]

Transaction fees. Every Nxt transaction costs min. 1 Nxt

Transaction fee can be lowered sometime  in future. Right now it's still only 7 to 8 cents.

CHEAP as fuck and the retards still moan / im sick of them spreading FUD
NXT is shit, NXT is a scam, 1 nxt tx fee is to much Lol.

No one is complaining. The minimum is 1 nxt, they were simply stating a fact.

The nxt fee is being reduced to 0.1 nxt in the next version and I think I read something about the decentralised marketplace coming out then too.

[Brangdon]

No one is complaining. The minimum is 1 nxt, they were simply stating a fact.

The nxt fee is being reduced to 0.1 nxt in the next version and I think I read something about the decentralised marketplace coming out then too.

There are plans to shift to a per-byte fee rather than a flat fee, so bigger transactions will cost more than small ones. I don't know when that will happen.

It's perhaps worth emphasising that 1 NXT is the minimum, and some transaction types cost more. Currently it costs 1,000 NXT to register a new asset, for example. The fees are used to discourage spam as well as to reward forgers.

[SomethingElse]

The way I read it, the individual forgers will choose a minimum fee they are willing to accept. 

The individual users will select a fee they are willing to pay.  As long as the fee of the user is above the fee of the forger, the transaction goes through.  The forger will get all of the fee offered up by the user, not just the minimum. 

The the users fee is too low, then the transaction will wait for the next block or for any block that will process it. 

I am not really sure if this is going to be implemented or not. 

Originally, I thought it was strange, but after thinking about it more, it is a really nice system.  After a while the free market will sort out an average known price for making sure a transaction goes through.

The problem with choosing a set price like 1 or .01 or .001 is it is so subjective and will constantly have to be changed as the price of NXT goes up and down. 

Static fees just don't represent a free market. 

[Anon136]

The way I read it, the individual forgers will choose a minimum fee they are willing to accept. 

The individual users will select a fee they are willing to pay.  As long as the fee of the user is above the fee of the forger, the transaction goes through.  The forger will get all of the fee offered up by the user, not just the minimum. 

The the users fee is too low, then the transaction will wait for the next block or for any block that will process it. 

I am not really sure if this is going to be implemented or not. 

Originally, I thought it was strange, but after thinking about it more, it is a really nice system.  After a while the free market will sort out an average known price for making sure a transaction goes through.

The problem with choosing a set price like 1 or .01 or .001 is it is so subjective and will constantly have to be changed as the price of NXT goes up and down. 

Static fees just don't represent a free market. 

Yes i strongly support this. I hope that JLP will implement this sometime. However it may be wise not to until the point at which at least even the most marginal demand exceeds supply.

[Voluntold]

The way I read it, the individual forgers will choose a minimum fee they are willing to accept.  

The individual users will select a fee they are willing to pay.  As long as the fee of the user is above the fee of the forger, the transaction goes through.  The forger will get all of the fee offered up by the user, not just the minimum.  

The the users fee is too low, then the transaction will wait for the next block or for any block that will process it.  

I am not really sure if this is going to be implemented or not.  

Originally, I thought it was strange, but after thinking about it more, it is a really nice system.  After a while the free market will sort out an average known price for making sure a transaction goes through.

The problem with choosing a set price like 1 or .01 or .001 is it is so subjective and will constantly have to be changed as the price of NXT goes up and down.  

Static fees just don't represent a free market.  

Yes i strongly support this. I hope that JLP will implement this sometime. However it may be wise not to until the point at which at least even the most marginal demand exceeds supply.

Oh wow.  I hadn't heard of this before, but yeah, perfect idea.  Let the free market decide on the fee like it should be.  I hope this is implemented as well.  I don't see any point in waiting though...

[ChuckOne]

i too am quite interested in NXT, i'd be interested for an answer to this too as coming from a tradtional mine and trade crypto background I dont quite get the payment system platforms like NXT and Ripple

What exactly do you not understand?

[Anon136]

The way I read it, the individual forgers will choose a minimum fee they are willing to accept.  

The individual users will select a fee they are willing to pay.  As long as the fee of the user is above the fee of the forger, the transaction goes through.  The forger will get all of the fee offered up by the user, not just the minimum.  

The the users fee is too low, then the transaction will wait for the next block or for any block that will process it.  

I am not really sure if this is going to be implemented or not.  

Originally, I thought it was strange, but after thinking about it more, it is a really nice system.  After a while the free market will sort out an average known price for making sure a transaction goes through.

The problem with choosing a set price like 1 or .01 or .001 is it is so subjective and will constantly have to be changed as the price of NXT goes up and down.  

Static fees just don't represent a free market.  

Yes i strongly support this. I hope that JLP will implement this sometime. However it may be wise not to until the point at which at least even the most marginal demand exceeds supply.

Oh wow.  I hadn't heard of this before, but yeah, perfect idea.  Let the free market decide on the fee like it should be.  I hope this is implemented as well.  I don't see any point in waiting though...

The argument against waiting is that uncountably forgers would be willing to process transactions for free. This would mean that most people would submit transactions without paying any fee at all. This would reduce the incentive for people to forge. This would negatively impact the security of the network.

[Ezravdb]

http://hashrate.org

X11 is growing guys!

JOIN the NXT POOL

[theironman]

http://hashrate.org

X11 is growing guys!

JOIN the NXT POOL

Mining as we speak. Its just soooooo easy to mine NXT with hashrate.org   

[ChuckOne]

How much have been made with mining?

[theironman]

How much have been made with mining?

Its 516.219 NXT. Paid out.

Amazing.