McDoxy
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September 11, 2014, 01:33:58 PM |
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BitShares X no doubt because of the way the on chain market tracks the price of real world assets. Most people didn't understand it, and among those intelligent few who did, the majority didn't believe it would work.
If it actually "works" still remains to be seen. Don't assume because people don't believe in it they don't understand it. Because there are about 4 hypotheses from bitshares that still have to be proven... I understand what bitshares is trying to do and I understand their hypotheses. I still don't believe it will work in the longterm. And just because it's running for a couple of weeks now doesn't mean those hypotheses are proven. We will talk in about a year and see where the prices of the market pegged assets are.
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Jungian
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Activity: 930
Merit: 1010
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September 11, 2014, 01:36:43 PM |
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BitShares X no doubt because of the way the on chain market tracks the price of real world assets. Most people didn't understand it, and among those intelligent few who did, the majority didn't believe it would work.
If it actually "works" still remains to be seen. Don't assume because people don't believe in it they don't understand it. Because there are about 4 hypotheses from bitshares that still have to be proven... I understand what bitshares is trying to do and I understand their hypotheses. I still don't believe it will work in the longterm. And just because it's running for a couple of weeks now doesn't mean those hypotheses are proven. We will talk in about a year and see where the prices of the market pegged assets are. This. The market peg broke in the first week as well I think? Seems to be holding for now after they put some training wheels on, but I don't know. We'll see...
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cryptoglance
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September 11, 2014, 01:37:27 PM |
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Wondering why Reddcoin is not a vote option. It truly is innovative with: ...and a dedicated, talented dev team. If anything, it could serve as a great catalyst towards getting the masses to adopt cryptocurrency.
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jabbajabba
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September 11, 2014, 02:26:00 PM |
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NXT step aside for Bitshares X
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freenxt.org
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September 11, 2014, 02:32:45 PM |
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NXT is the first coin going from being just a currency to a whole ecosystem by itself. Its not about investing into the coin to get more fiat money in the end.
This is the most innovative technology in this space imo.
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zuqka
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September 11, 2014, 02:49:38 PM |
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NXT step aside for Bitshares X
In your dreams
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nxt: NXT-2V7G-C8BY-KTYY-CAHNU * btc: 19UcQHepGvXb2fDcAMBJo1a3iduqBNXaGw * byte: XJBP46RQ7OZ6KKY4IXKL73VQBDKRIYJ4
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McDoxy
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Activity: 96
Merit: 10
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September 11, 2014, 02:55:23 PM |
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testz
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Activity: 1764
Merit: 1018
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September 11, 2014, 03:00:47 PM |
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Comparing Nxt to BitShares it's a same as to compare Microsoft and Apple, doing same but in different ways. I prefer the BitShares, Nxt looks too complicated and complexity just growing.
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serejandmyself
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September 11, 2014, 03:15:41 PM |
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Comparing Nxt to BitShares it's a same as to compare Microsoft and Apple, doing same but in different ways. I prefer the BitShares, Nxt looks too complicated and complexity just growing. I'd say its more like android (bithsraes) and windows phone (nxt)
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testz
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Activity: 1764
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September 11, 2014, 03:22:11 PM |
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Comparing Nxt to BitShares it's a same as to compare Microsoft and Apple, doing same but in different ways. I prefer the BitShares, Nxt looks too complicated and complexity just growing.
I'd say its more like android (bithsraes) and windows phone (nxt) Definitely not as android, with android you can do all what you want, in BitShares you can do only that you supposed to do. With SuperNet, Nxt definitely = android.
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ShroomsKit_Disgrace
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Activity: 952
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Yeah! I hate ShroomsKit!
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September 11, 2014, 03:40:30 PM |
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chryspano
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September 11, 2014, 04:15:01 PM |
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If you call your 1 minute blocks "instant transactions" how would you call the 10 secs of Bitshares? Faster Than Light confirmations?
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chryspano
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September 11, 2014, 04:31:00 PM |
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If you call your 1 minute blocks "instant transactions" how would you call the 10 secs of Bitshares? Faster Than Light confirmations? its not implemented yet.. shaded circle = not yet finished. for the record.. node actually does have instant transactions of around 1-3 seconds i think. The above "technologytree" gave the impression that it's already implemented, by the time this will be implemented(IF it's implemented at all because afaik its almost a year since we heard about "instant transactions") the competition will also have something better , my point is that this very moment we have 1 minute for NXT and 10 sec for bitshares and both are trying to improve those times.
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omgnaro
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September 11, 2014, 04:41:58 PM |
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Wondering why Reddcoin is not a vote option. It truly is innovative with: ...and a dedicated, talented dev team. If anything, it could serve as a great catalyst towards getting the masses to adopt cryptocurrency. Gonna have to +1 this.
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erok
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September 11, 2014, 04:43:11 PM |
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Nxt lolno. Shadow coin is legit right now. I am also currently looking at boom, xst, and pnd. Check em out. They are actually fairlaunch and real cryptos.
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"the destruction of privacy widens the existing power imbalance between the ruling factions and everyone else" -- Julian Assange
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testz
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Activity: 1764
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September 11, 2014, 04:43:31 PM |
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The above "technologytree" gave the impression that it's already implemented, by the time this will be implemented(IF it's implemented at all because afaik its almost a year since we heard about "instant transactions") the competition will also have something better , my point is that this very moment we have 1 minute for NXT and 10 sec for bitshares and both are trying to improve those times.
Just for you information, BitShares toolkit supports 2 seconds transactions which was proved by testnet, but for BitSharesX was defined as 10 sec because it's suitable enough.
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devphp
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September 11, 2014, 04:48:47 PM |
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NXT is about building economy on top of the blockchain, Instant Transactions per self have no much use at this moment, what are their use cases anyway? They will be coded when there is a need for them.
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testz
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September 11, 2014, 04:57:23 PM |
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NXT is about building economy on top of the blockchain, Instant Transactions per self have no much use at this moment, what are their use cases anyway? They will be coded when there is a need for them.
For BitSharesX it's important "by design" if merchants start to accept BitUSD, BitCNY, etc.
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devphp
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September 11, 2014, 05:02:03 PM |
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For BitSharesX it's important "by design" if merchants start to accept BitUSD, BitCNY, etc.
I see. Well, even in NXT Asset Exchange there is not much use for instant transactions. You don't need to rush trades to get the best deals, patience is the best virtue for trading. Perhaps instant transactions will be useful for NXT when things like NXT Poker are developed later this year? It's all growing organically, some features are prioritized, some are postponed, because there are no applications for them yet.
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testz
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September 11, 2014, 05:28:02 PM |
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For BitSharesX it's important "by design" if merchants start to accept BitUSD, BitCNY, etc.
I see. Well, even in NXT Asset Exchange there is not much use for instant transactions. You don't need to rush trades to get the best deals, patience is the best virtue for trading. Perhaps instant transactions will be useful for NXT when things like NXT Poker are developed later this year? It's all growing organically, some features are prioritized, some are postponed, because there are no applications for them yet. I agree that instant transaction required when system has use cases for it.
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