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Author Topic: Overstock.com CEO interested in NXT asset exchange!  (Read 6484 times)
williamevanl
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May 03, 2014, 04:09:41 AM
 #1

I saw this over on reddit: (I can't even wrap my head around jumping behind the NXT asset exchange, talk about exposure!)

[–]WishingUponWhiskey 2 points 9 hours ago
You have previously mentioned in a interview with Forbes that you are very intersted in a "Bitcoin version of the stock market" and having the ability to conduct more than just simple transactions via a blockchain.
NXT - the first second generation cryptocurrency is doing this with it's new features being launched in the upcoming weeks and months. Have you looked into it and / or considered accepting it for overstock?
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PatrickByrneOverstoc 11 points 8 hours ago
I am a bit confused about what you are asking. My fight with Wall Street came about because I became convinced in 2004 that the market's mechanisms for clearing and settling trades had been corrupted by bad elements. It all started there. Hence, the peer-to-peer aspect of Bitcoin et. al. deeply attracats me.
I do not know NXT, but I am interested in finding (and even potentially investing in) efforts to create a peer-to-peer capital market. In fact, if a good solution emerges, you might even see Overstock be the first issuer of a stock or bond in such a market, just to help things get going! (Incidentally, we were the first to do a Dutch auction IPO, for precisely that reason.)
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WishingUponWhiskey 3 points 8 hours ago
The solution that you are requesting is exactly what the NXT decentralized Asset Exchange is all about (it launches in 10 days).
Here is a link to a comprehensive article explaining the NXT Asset Exchange
If you are interested in learning more you can learn more at http://mynxt.org or contact me at nxtorganizer@gmail.com
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PatrickByrneOverstoc 9 points 8 hours ago
Contact me about this.
Patrick@overstock.com
(RHIP)


That Patrick Byrne seems like a pretty smart guy!
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May 03, 2014, 04:33:32 AM
 #2

The idea of a decentralized platform is something that could very well be as big as bitcoin, the idea is so revolutionary that I think it will become bitcoin 2.0. No need for a third party for anything ever online... not just financial transactions... can you imagine that?

Let's see if Nxt will be the one to deliver it with, starting with their Asset Exchange. Nobody in their right mind should still be trading on traditional exchanges when Nxt AE comes out in 5 days.

Overstock coming in is just the first step... every business with a little business of vision will jump in once this goes mainstream.

By the way, Nxt has been in contact with Overstock CEO.
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May 03, 2014, 07:38:27 AM
 #3

Hasn't Ripple already done this? You guys are a little slowwww  Kiss
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May 03, 2014, 08:07:38 AM
 #4

Hasn't Ripple already done this? You guys are a little slowwww  Kiss

What exactly has Ripple done?

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May 03, 2014, 08:55:23 AM
 #5

Kind of a misleading title.  You ran an ambush to try and advertise NXT to someone that doesn't know what it is.

Real topic should be, "Patrick Byrnes has no idea what the hell NXT is"

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May 03, 2014, 09:11:28 AM
 #6

Is it true ? If no, I'll buy some . Don't want to miss Bitcoin2.0!

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May 03, 2014, 09:23:53 AM
 #7

The NXT Asset Exchange together with the multigateways and the Digital Goods Store will be a total game changer.

Let's see this in 5months, but i am really optimistic, Patrick Byrne will be the first of a large queue.
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May 03, 2014, 09:26:31 AM
 #8

First of all we need more volume and transactions for NXT.

This coins should be used somewhere

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May 03, 2014, 11:56:22 AM
 #9

Hasn't Ripple already done this? You guys are a little slowwww  Kiss

What exactly has Ripple done?
Create a P2P decentralized capital market.

Actually it is in operation RIGHT NOW and has been working for over a year now.

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May 03, 2014, 12:18:18 PM
 #10

Hasn't Ripple already done this? You guys are a little slowwww  Kiss

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May 03, 2014, 12:20:04 PM
 #11

There are 3 already http://chromawallet.com/  http://www.mastercoin.org/ https://www.counterparty.co/  with stocks and securities issued.


NXT is the biggest hyped joke of all. Low quality code. Very insecure and this guy http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=4747512364439223888 mined  23298 out of total 127960 blocks. Cryptos used to be about decentralization and now people buy whatever. Cryptos centralized, checkpointing etc. Nobody is thinking anymore This is a complete joke premined public ledger luring noobs. Dont forget that majority of coins are cornered. (71 individuals bought the entire stake for 21 btc)
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May 03, 2014, 12:24:31 PM
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The fact that mastercoin and XCP asset exchanges didnt take the world by storm is obvious. The 10+ minute blocktime. You simple cant trade cryptos at that time frame.

Now, without waiting for 1000TPS in Nxt crypto platform, Nxt can right now, immediately start pushing the FASTEST Decentralized Asset Exchange. 10 times faster in fact.

So, NXT AE is 10 times faster than the competition and it will be getting multisig protected crypto assets AND it will be getting even faster.

NXT has the most man years of development of any crypto other than BTC. This will continue.The crypto's value is best measured by the number of developers. And that's why Nxt is the most promising cryptocurrency that ever existed

Nxt tips: NXT-R67P-6BZ2-XWAK-8RHZR | Nxt forum | Nxt Academy | Donate for Nxt at the Universities // BTCD: RVMLrnxYYy7uy8YZo9FcGfXbk1ZMnNifdg
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May 03, 2014, 12:26:59 PM
 #13

There are 3 already http://chromawallet.com/  http://www.mastercoin.org/ https://www.counterparty.co/  with stocks and securities issued.


NXT is the biggest hyped joke of all. Low quality code. Very insecure and this guy http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=4747512364439223888 mined  23298 out of total 127960 blocks. Cryptos used to be about decentralization and now people buy whatever. Cryptos centralized, checkpointing etc. Nobody is thinking anymore This is a complete joke premined public ledger luring noobs. Dont forget that majority of coins are cornered. (71 individuals bought the entire stake for 21 btc)

~1000 people has about 50% of all bitcoins.
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May 03, 2014, 12:33:35 PM
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There are 3 already http://chromawallet.com/  http://www.mastercoin.org/ https://www.counterparty.co/  with stocks and securities issued.


NXT is the biggest hyped joke of all. Low quality code. Very insecure and this guy http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=4747512364439223888 mined  23298 out of total 127960 blocks. Cryptos used to be about decentralization and now people buy whatever. Cryptos centralized, checkpointing etc. Nobody is thinking anymore This is a complete joke premined public ledger luring noobs. Dont forget that majority of coins are cornered. (71 individuals bought the entire stake for 21 btc)

~1000 people has about 50% of all bitcoins.

1) Has nothing to do with the discussion
2) Citation? We dont know that
3) Even if it is true it doesnt undermine bitcoin security and decentralization of the mining network
4) Is still not a reason to promote junk coins like NXT
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May 03, 2014, 12:41:10 PM
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~1000 people has about 50% of all bitcoins.

1) Has nothing to do with the discussion
2) Citation? We dont know that
3) Even if it is true it doesnt undermine bitcoin security and decentralization of the mining network
4) Is still not a reason to promote junk coins like NXT

If you buy 90% of all nxt's, security and mining (forging) will be fine.
NXT has many features and more perspective than other 99% altcoins.
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May 03, 2014, 12:50:01 PM
 #16

~1000 people has about 50% of all bitcoins.

1) Has nothing to do with the discussion
2) Citation? We dont know that
3) Even if it is true it doesnt undermine bitcoin security and decentralization of the mining network
4) Is still not a reason to promote junk coins like NXT

If you buy 90% of all nxt's, security and mining (forging) will be fine.
NXT has many features and more perspective than other 99% altcoins.

Yeah right how is that? I buy them I split them into multiple wallets. Try forever until I get a couple of blocks to "forge" in a sequence which is known so I can perfectly plan this in advance. Double spend them on all exchanges and bankrupt them. Ohhh I forgot there is a centralized checkpointing system. You are right I cant do that even with 90% of the coins with the centralized check pointing "invention". NXT is the most unsecured shit.
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May 03, 2014, 12:53:19 PM
 #17

~1000 people has about 50% of all bitcoins.

1) Has nothing to do with the discussion
2) Citation? We dont know that
3) Even if it is true it doesnt undermine bitcoin security and decentralization of the mining network
4) Is still not a reason to promote junk coins like NXT

If you buy 90% of all nxt's, security and mining (forging) will be fine.
NXT has many features and more perspective than other 99% altcoins.

Yeah right how is that? I buy them I split them into multiple wallets. Try forever until I get a couple of blocks to "forge" in a sequence which is known so I can perfectly plan this in advance. Double spend them on all exchanges and bankrupt them. Ohhh I forgot there is a centralized checkpointing system. You are right I cant do that even with 90% of the coins with the centralized check pointing "invention". NXT is the most unsecured shit.

LOL.  You might not want to get confused with Peercoin.

Nxt:  NXT-5BHG-9VRE-QGW6-DRZVQ
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May 03, 2014, 12:53:42 PM
 #18

centralized checkpoints are problem of Peercoin or Blackcoin, but Nxt solved this:

https://drive.google.com/file/d/0BwAGADgnQcrtM3g1cU1VSHZtTGM/edit?usp=sharing
- see pages 17 and 20

Nxt tips: NXT-R67P-6BZ2-XWAK-8RHZR | Nxt forum | Nxt Academy | Donate for Nxt at the Universities // BTCD: RVMLrnxYYy7uy8YZo9FcGfXbk1ZMnNifdg
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May 03, 2014, 12:59:27 PM
 #19

~1000 people has about 50% of all bitcoins.

1) Has nothing to do with the discussion
2) Citation? We dont know that
3) Even if it is true it doesnt undermine bitcoin security and decentralization of the mining network
4) Is still not a reason to promote junk coins like NXT

If you buy 90% of all nxt's, security and mining (forging) will be fine.
NXT has many features and more perspective than other 99% altcoins.

Yeah right how is that? I buy them I split them into multiple wallets. Try forever until I get a couple of blocks to "forge" in a sequence which is known so I can perfectly plan this in advance. Double spend them on all exchanges and bankrupt them. Ohhh I forgot there is a centralized checkpointing system. You are right I cant do that even with 90% of the coins with the centralized check pointing "invention". NXT is the most unsecured shit.

LOL.  You might not want to get confused with Peercoin.

Care to explain if I own 90% of the coins split them into thousands of accounts or whatever the optimal number is I will not get forge a couple of blocks to double spend big on exchanges? From what I read it is also transparent so I can plan in advance any attack.
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May 03, 2014, 01:01:56 PM
 #20

Low quality code.

That one gave you away as FUD spreader  Cheesy

Can you even read java?

jean-luc et al. turned Nxt's code into a very clean, high quality software.
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