ilic
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June 16, 2014, 05:45:34 AM |
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Just reading your economic paper: https://docs.google.com/file/d/0BwAGADgnQcrtdXE5MkF5S05oaHM/edit?pli=1Some 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
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achimsmile
Legendary
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Activity: 1225
Merit: 1000
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June 16, 2014, 05:47:30 AM |
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Just reading your economic paper: https://docs.google.com/file/d/0BwAGADgnQcrtdXE5MkF5S05oaHM/edit?pli=1Some 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
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nxt2damoon
Newbie
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Activity: 14
Merit: 0
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June 16, 2014, 05:59:35 AM |
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Just reading your economic paper: https://docs.google.com/file/d/0BwAGADgnQcrtdXE5MkF5S05oaHM/edit?pli=1Some 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
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Eadeqa
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June 16, 2014, 06:08:25 AM |
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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.
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ilic
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June 16, 2014, 06:10:47 AM |
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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.
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nxt2damoon
Newbie
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June 16, 2014, 06:13:53 AM Last edit: June 16, 2014, 06:24:46 AM by nxt2damoon |
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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.
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ShroomsKit_Disgrace
Legendary
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Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
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June 16, 2014, 07:02:47 AM |
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LOL so now we have an ultra-NXT-supporter but offensive troll?
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achimsmile
Legendary
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Activity: 1225
Merit: 1000
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June 16, 2014, 07:12:53 AM |
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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?
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Eadeqa
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June 16, 2014, 07:20:07 AM |
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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
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lovely89
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June 16, 2014, 09:05:38 AM |
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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.
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Bitrated user: vanlovely.
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Brangdon
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June 16, 2014, 10:02:53 AM |
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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.
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Bitcoin: 1BrangfWu2YGJ8W6xNM7u66K4YNj2mie3t Nxt: NXT-XZQ9-GRW7-7STD-ES4DB
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SomethingElse
Full Member
Offline
Activity: 210
Merit: 100
Looking for the next big thing
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June 16, 2014, 10:10:07 AM |
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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.
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NEM
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Anon136
Legendary
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Activity: 1722
Merit: 1217
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June 16, 2014, 12:47:20 PM |
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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.
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Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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Voluntold
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June 16, 2014, 07:27:41 PM |
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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...
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Nxt: NXT-5BHG-9VRE-QGW6-DRZVQ
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ChuckOne
Sr. Member
Offline
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
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June 16, 2014, 07:30:09 PM |
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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?
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Anon136
Legendary
Offline
Activity: 1722
Merit: 1217
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June 16, 2014, 07:48:24 PM |
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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.
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Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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theironman
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June 16, 2014, 08:31:28 PM |
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Mining as we speak. Its just soooooo easy to mine NXT with hashrate.org
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ChuckOne
Sr. Member
Offline
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
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June 16, 2014, 08:36:52 PM |
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How much have been made with mining?
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theironman
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June 16, 2014, 08:41:42 PM |
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How much have been made with mining?
Its 516.219 NXT. Paid out. Amazing.
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