Can NXT be a real Crowdfunding Platform?

[futurist]

Slightly OT, but my main gripe with NXT is the high transaction fee (1 NXT).

The current price of 1 NXT is $0.0283, so one transaction would cost $0.0283. The current price of BTC is $388.90, a transaction fee of 0.0001 BTC would cost $0.03889.

[futurist]

Also, optimal transaction fees are an ongoing discussion among the core developers. 

https://nxtforum.org/general-discussion/(core)-current-development-efforts/msg110066/#msg110066

[cexylikepie]

Slightly OT, but my main gripe with NXT is the high transaction fee (1 NXT).

The current price of 1 NXT is $0.0283, so one transaction would cost $0.0283. The current price of BTC is $388.90, a transaction fee of 0.0001 BTC would cost $0.03889.

I really like NXT, but i also agree that the fee is too high. comparing to bitcoin is a bad idea. nxt is supposed to be a 2.0 currency, so obviously it should have more attractive features than bitcoin.

[futurist]

Slightly OT, but my main gripe with NXT is the high transaction fee (1 NXT).

The current price of 1 NXT is $0.0283, so one transaction would cost $0.0283. The current price of BTC is $388.90, a transaction fee of 0.0001 BTC would cost $0.03889.

I really like NXT, but i also agree that the fee is too high. comparing to bitcoin is a bad idea. nxt is supposed to be a 2.0 currency, so obviously it should have more attractive features than bitcoin.

Want more attractive features?

http://www.nxttechnologytree.com/

[futurist]

A friend of mine came with the idea, to fund a movie via nxt:
https://bitcointalk.org/index.php?topic=802883.0

The market cap should be sufficent for crowdfunding like that. Don't you think?
I mean. Not only funding crypto coins and more cryptocoins but also other real business.
I think, that could really give a boost to NXT, if we put some placed advertisement in a movie.

Love the idea. Any info on the movie?

[ShawnLeary]

A friend of mine came with the idea, to fund a movie via nxt:
https://bitcointalk.org/index.php?topic=802883.0

The market cap should be sufficent for crowdfunding like that. Don't you think?
I mean. Not only funding crypto coins and more cryptocoins but also other real business.
I think, that could really give a boost to NXT, if we put some placed advertisement in a movie.

Jinn is going to be another one to watch.  Good stuff from CFB and Wesleyh

[Spoetnik]

Crowdfunding = pretty word for IPO

i would never get involved with any Crowdfunding / Kickstarter type of crap !

and in crypto it's a way to get Bitcoin to pad your bank account and don't tell me otherwise lol
when you have 400 grand in your bank account and your movie needs 200 grand trust me you will keep taking donations
money.
corrupts.

take the recent BFL FTC court case for example.. they could so they did because people will.
staff asked BFL management why they don't do burn in's on the test-net and the boss said "because that doesn't make them any money"
the FTC has frozen their business operations and they have admitted their guilt.. the mined for coins with IPO'd asics.
because they could..

you want something ? get a job and pay for it.. don't ask me to pay for it for you .

Let us say Crowdfunding = pretty word for IPO. The average IPO costs around $500,000...creating a NXT asset or ("Crowdfunding" as you say) currently costs $28.40=1,000 NXT.

stealing is only stealing when you steal more than $1,000 ?

sorry if you suffer from down-syndrome i don't mean to whale on retards hahahha

edit:
i just don't get the lengths people go to TRY and justify pathetic scammy BAD behavior around here 

[identtitentti]

Slightly OT, but my main gripe with NXT is the high transaction fee (1 NXT).

The current price of 1 NXT is $0.0283, so one transaction would cost $0.0283. The current price of BTC is $388.90, a transaction fee of 0.0001 BTC would cost $0.03889.

I really like NXT, but i also agree that the fee is too high. comparing to bitcoin is a bad idea. nxt is supposed to be a 2.0 currency, so obviously it should have more attractive features than bitcoin.

Transaction fee should be related to the total amount of coins in sensible manner, agree that dollar nominated comparisons are not meaningful, as are not PoW mining fees and PoS transaction fees . And in PoS like NXT, there will be whales in the beginning to whom the transaction fee does not mean anything, and interested new comers who get 2 nxt from the only functioning faucet, use 1 nxt to send 1 nxt to some address to get a public key to be able to start forging, and then happily forge with account balance of 0 NXT. Not most inviting newcomer experience, I can tell you .

PS: FIMK has same total as NXT, but our transaction fee is 0,1. On the other hand, for some reason FIMK asset creation costs 1000 FIMK which is preventive for newcomers, and apparently we can't change that before before we make a major client update (totally new client with programmable plug-in interphase, which btw will make NXT jealous ).

[futurist]

Crowdfunding = pretty word for IPO

i would never get involved with any Crowdfunding / Kickstarter type of crap !

and in crypto it's a way to get Bitcoin to pad your bank account and don't tell me otherwise lol
when you have 400 grand in your bank account and your movie needs 200 grand trust me you will keep taking donations
money.
corrupts.

take the recent BFL FTC court case for example.. they could so they did because people will.
staff asked BFL management why they don't do burn in's on the test-net and the boss said "because that doesn't make them any money"
the FTC has frozen their business operations and they have admitted their guilt.. the mined for coins with IPO'd asics.
because they could..

you want something ? get a job and pay for it.. don't ask me to pay for it for you .

Let us say Crowdfunding = pretty word for IPO. The average IPO costs around $500,000...creating a NXT asset or ("Crowdfunding" as you say) currently costs $28.40=1,000 NXT.

stealing is only stealing when you steal more than $1,000 ?

sorry if you suffer from down-syndrome i don't mean to whale on retards hahahha

edit:
i just don't get the lengths people go to TRY and justify pathetic scammy BAD behavior around here 

1,000 nxt...not $1,000...quite a big difference. Your use of math and language says a lot about you. Good luck in your endeavours.

[futurist]

Slightly OT, but my main gripe with NXT is the high transaction fee (1 NXT).

The current price of 1 NXT is $0.0283, so one transaction would cost $0.0283. The current price of BTC is $388.90, a transaction fee of 0.0001 BTC would cost $0.03889.

I really like NXT, but i also agree that the fee is too high. comparing to bitcoin is a bad idea. nxt is supposed to be a 2.0 currency, so obviously it should have more attractive features than bitcoin.

Transaction fee should be related to the total amount of coins in sensible manner, agree that dollar nominated comparisons are not meaningful, as are not PoW mining fees and PoS transaction fees . And in PoS like NXT, there will be whales in the beginning to whom the transaction fee does not mean anything, and interested new comers who get 2 nxt from the only functioning faucet, use 1 nxt to send 1 nxt to some address to get a public key to be able to start forging, and then happily forge with account balance of 0 NXT. Not most inviting newcomer experience, I can tell you .

PS: FIMK has same total as NXT, but our transaction fee is 0,1. On the other hand, for some reason FIMK asset creation costs 1000 FIMK which is preventive for newcomers, and apparently we can't change that before before we make a major client update (totally new client with programmable plug-in interphase, which btw will make NXT jealous ).

No doubt crypto-currency technology will rapidly advance. The question is...how many bright minds are involved in the NXT community vs the spin offs? User base is very important, time will tell. The beauty of open source technology (and satoshi's creation of bitcoin) is that clones can be created and improved upon...from existing code (or not  ). No need for jealousy from NXT community...if your platform is superior, you will see a migration.

In the mean time, perhaps FIMK can try duplicating what's going on here...

http://www.nxttechnologytree.com/

And keep up to date with NXT community here...

https://nxtforum.org/index.php

[identtitentti]

No doubt crypto-currency technology will rapidly advance. The question is...how many bright minds are involved in the NXT community vs the spin offs? User base is very important, time will tell. The beauty of open source technology (and satoshi's creation of bitcoin) is that clones can be created and improved upon...from existing code (or not  ). No need for jealousy from NXT community...if your platform is superior, you will see a migration.

In the mean time, perhaps FIMK can try duplicating what's going on here...

http://www.nxttechnologytree.com/

And keep up to date with NXT community here...

https://nxtforum.org/index.php

Actually as a spin of FIMK can very easily dublicate and incorporate anything and everything in NXT client(s) if and when willing. It's all open source . But that's not the point. One of the aces of FIMK is distribution as basic income to Finnish citizens and investing in use of FIMK in everyday payments. So I don't see FIMK  as trying to compete with NXT, it has very different philosophy and approach. And if SuperNET succeeds, also FIMK will most likely be part of it.

[lordoliver]

A friend of mine came with the idea, to fund a movie via nxt:
https://bitcointalk.org/index.php?topic=802883.0

The market cap should be sufficent for crowdfunding like that. Don't you think?
I mean. Not only funding crypto coins and more cryptocoins but also other real business.
I think, that could really give a boost to NXT, if we put some placed advertisement in a movie.

Love the idea. Any info on the movie?

I guess there is quite a lot of information in the link.

[futurist]

A friend of mine came with the idea, to fund a movie via nxt:
https://bitcointalk.org/index.php?topic=802883.0

The market cap should be sufficent for crowdfunding like that. Don't you think?
I mean. Not only funding crypto coins and more cryptocoins but also other real business.
I think, that could really give a boost to NXT, if we put some placed advertisement in a movie.

Love the idea. Any info on the movie?

I guess there is quite a lot of information in the link.

I overlooked that...sorry. Good luck

[AleCrypt0]

I hope that cryptocurrencies will become first an estabilished method of payment, then , yes: crowdfunding in NXT could be great.

[EvilDave]

Slightly OT, but my main gripe with NXT is the high transaction fee (1 NXT).

Yep. The 1 NXT fee was OK back in the day, but it's going to be changed soon to reflect the higher transaction volumes from the AE, and there may even be the option to have variable tx fees (note I say may, not certain yet).

On the movie: It's a good idea, but I'd like to see a lot more real information (and/or people with trustworthy reps on board) before I'd invest any of my beloved NXT, or BTC, or whatever.

Thats a good point, btw: right now, you can buy into NXT Asset Exchange using BTC via:
https://trade.secureae.com/#12071612744977229797
and soon SuperNET will enable you to buy into the NXT AE using any of the participating currencies, so the total funds raised for this sort of project don't have to come directly in NXT.

BTW: open source rules !

[lordoliver]

On the movie: It's a good idea, but I'd like to see a lot more real information (and/or people with trustworthy reps on board) before I'd invest any of my beloved NXT, or BTC, or whatever.

Yes, but thats the hen-egg problem. You can't hire people without knowing the budget :-)
You invest just in the idea. Higher budget -> better crew -> higher revenue -> more profit.

[Spoetnik]

Crowdfunding = pretty word for IPO

i would never get involved with any Crowdfunding / Kickstarter type of crap !

and in crypto it's a way to get Bitcoin to pad your bank account and don't tell me otherwise lol
when you have 400 grand in your bank account and your movie needs 200 grand trust me you will keep taking donations
money.
corrupts.

take the recent BFL FTC court case for example.. they could so they did because people will.
staff asked BFL management why they don't do burn in's on the test-net and the boss said "because that doesn't make them any money"
the FTC has frozen their business operations and they have admitted their guilt.. the mined for coins with IPO'd asics.
because they could..

you want something ? get a job and pay for it.. don't ask me to pay for it for you .

Let us say Crowdfunding = pretty word for IPO. The average IPO costs around $500,000...creating a NXT asset or ("Crowdfunding" as you say) currently costs $28.40=1,000 NXT.

stealing is only stealing when you steal more than $1,000 ?

sorry if you suffer from down-syndrome i don't mean to whale on retards hahahha

edit:
i just don't get the lengths people go to TRY and justify pathetic scammy BAD behavior around here  

1,000 nxt...not $1,000...quite a big difference. Your use of math and language says a lot about you. Good luck in your endeavours.

i was making a point you seem to have failed to grasp.. it had nothing to do with any arbitrary amount of money or coins.
since you seem unbelievably stupid and arrogant and rather rude let me spell it out for you nice and slow smart ass..

is stealing something (anything) still stealing if it's one grape in a grocery store or 1 million dollars from a bank ?
how's that playing dumb and mouthy routine workin' out for ya here ?
You like gettin' owned online huh ?

PS: i quoted you for a reason buddy .. think about it

[Spoetnik]

Slightly OT, but my main gripe with NXT is the high transaction fee (1 NXT).

The current price of 1 NXT is $0.0283, so one transaction would cost $0.0283. The current price of BTC is $388.90, a transaction fee of 0.0001 BTC would cost $0.03889.

I really like NXT, but i also agree that the fee is too high. comparing to bitcoin is a bad idea. nxt is supposed to be a 2.0 currency, so obviously it should have more attractive features than bitcoin.

Transaction fee should be related to the total amount of coins in sensible manner, agree that dollar nominated comparisons are not meaningful, as are not PoW mining fees and PoS transaction fees . And in PoS like NXT, there will be whales in the beginning to whom the transaction fee does not mean anything, and interested new comers who get 2 nxt from the only functioning faucet, use 1 nxt to send 1 nxt to some address to get a public key to be able to start forging, and then happily forge with account balance of 0 NXT. Not most inviting newcomer experience, I can tell you .

PS: FIMK has same total as NXT, but our transaction fee is 0,1. On the other hand, for some reason FIMK asset creation costs 1000 FIMK which is preventive for newcomers, and apparently we can't change that before before we make a major client update (totally new client with programmable plug-in interphase, which btw will make NXT jealous ).

No doubt crypto-currency technology will rapidly advance. The question is...how many bright minds are involved in the NXT community vs the spin offs? User base is very important, time will tell. The beauty of open source technology (and satoshi's creation of bitcoin) is that clones can be created and improved upon...from existing code (or not  ). No need for jealousy from NXT community...if your platform is superior, you will see a migration.

In the mean time, perhaps FIMK can try duplicating what's going on here...

http://www.nxttechnologytree.com/

And keep up to date with NXT community here...

https://nxtforum.org/index.php

i underlined the part i found interesting and it made me think one thing fast LOL
How many time shave you seen lippy dip shit Shills spamming about a coin on an exchange Troll Box to buy XYZ Coin ?
I couldn't count how many times some loser faggots have spouted off at me "LOL ..just sell your coins you have and buy shitcoin #287464" what ever it's called.

these fucking prick losers that hang out in this scene cook up endless schemes then parade them around as the best one evaaaa
then pumpidity dump then they tell you to dump (for a loss) while the spam the next coin etc etc.. rinse repeat forever.
You have to buy "Guerilla coin" NOOOOOW it has "Power Of Strength"  
Then the same faggots are pushing SuperCoin or ViaCoin or URO coin or Keycoin or or or rooror o ororoor orooro roo rorooroorororoo roorororororo ro orororo ro oro oro ro
and over and over they say.. Dump FAST what ever you have and buy into shitcoin no. 66666663725r4e635723657837827

and funny enough is who is doing this shit.. a lot of these guys have been confirmed as exchange staff such as Cryptsy or BTC-E etc etc
fuck em and fuck their stupid scammy shitcoin antics..

so who is going to give two shits about Monero or NXT etc in a year ?
nooooooooooooooo oneeeee

[habraken]

A question to those more familiar with NXT, are there NXT clients with special crowdfunding features/plug ins (paying dividends etc.)?

Like this? It's in the client I downloaded from www.multigateway.com.
Don't know if it's in other clients.

[lordoliver]

A question to those more familiar with NXT, are there NXT clients with special crowdfunding features/plug ins (paying dividends etc.)?

Like this? It's in the client I downloaded from www.multigateway.com.
Don't know if it's in other clients.

where did you click for this?