They allow for forging coins..so the faucet is just the beginning..you can use the coins you earned there to help you forge more I think and transactions are how they give you more coins.
You won't get very far forging with the 2 NXT you got from a faucet. The rate of return is very low - fractions of a percent per year. Forging in Nxt is a way to secure the network, not a way to get rich.
I liked Nxt, it's interface, and its Asset Exchange; however, they mentioned "encrypted messages."
I assumed that meant messages were private. I find that they are not encrypted, but totally public.
The original "Arbitrary Messages" are just bytes. You can store encrypted bytes if you want, and some clients do, as a service on top of the Nxt core. Encrypted messages have also recently been added directly in the core; this is a different feature which will be enabled soon. I'm sorry if you got confused; I'm not sure what it is you read that confused you.
The generosity of Nxt coin users dried up fast. I got the cold shoulder from that community many times, once and for all, after posting a suggestion to their 50M problem, and was banned, perhaps for pointing out that their market cap deal value is just $1 million.
I'm not sure what proposal you mean. If you suggested other people spend their money to bail out an exchange, I'm not surprised the whales didn't go for it. Also, the Bter-thief deal did not reflect the market value of the coins stolen. Bter bought them back below market value. In effect, they paid a ransom. The thief accepted a low value because he would have found it hard to sell the coins for market value, and because he feared bounties placed on his head.
Anyways, I'm not a developer. I know marketing.
It's not easy to start a new coin and have it be a success. There's too much competition, and people are suspicious of scams. I'd rather you use your talents helping Nxt, or some more worthy coin if you prefer, with their marketing.
I don't think a coin would be worth more than 5 cents, since the point of the coin is to send things cheaply.
The cost of a transaction doesn't have to be 1 coin. Currently the Nxt fees are too high. Everyone knows this. They will be reduced; almost certainly by the end of the year. If they get reduced to 0.01 NXT per transaction, then with 2 NXT from a faucet you can make 200 transactions. It'll be better.
It should be easy to acquire coins to get started. It is not easy to get Nxt, if you are new to the bitcoin world.
Agreed. I'm not sure faucets are the answer. Giving coin away for free just makes the currency seem worthless. And whatever a faucet gives for free has to be low value, because nothing stops people milking them endlessly (if necessary, creating thousands of different accounts) other it being more effort than its worth.
Similarly, a lot of coins try to launch by having free give-aways. People don't value what they get for free. Most dump it, if they can. Some hold it and hope that others will put the work in to make it worth something.
Even those who are long-time bitcoiners with accounts, exchanges are frustrating and take hours and days.
Some exchanges are better than others. Bter took minutes. A bigger problem was having to buy BTC to trade for NXT. Trading NXT for fiat directly would be better, but when you try to set that up you run into legal and regulatory issues. It takes effort and time, and few exchanges will bother until a currency has proved itself.
I'd hire the Nxt developers, for advice, but they seem unwilling to do that. Maybe they will jump ship soon.
Nothing has happened that is likely to shatter their long-term confidence in Nxt. They are true believers in it for the long haul.
Nxt is toast as an investment; it is spent in growing its user base. There is no push, even with new features, it tanked.
I disagree. It just takes time to develop value. Weathering this recent Bter storm will help in the long run. It hasn't tanked.
With Nxt supposedly open source, I don't know why a better coin doesn't come out.
There are Nxt clones. You are seriously underestimating how difficult it is to launch a successful coin. Technology isn't enough. It needs a hard-working community. And, with respect, I wonder if you are as good at dealing with people as you think. It sounds like you alienated those you talked to.
