Topic: Adam B Levine about NXT: "...best software out there.. .. future of bitcoin.." (Read 3199 times)
March 26, 2014, 04:20:52 PM
OMG adam lavine cam sing and crypto! WOWzers
March 26, 2014, 04:17:16 PM
As mentioned, I am building projects on all viable platforms, NXT is one of the top contenders from my analysis of the available options.
Thanks. I wish I had the technical knowhow to pitch in myself, but I don't as of yet. Still learning how to walk
March 26, 2014, 02:38:43 PM
My opinion on nxt fee as I posted on the nxt thread just now:
All fees should be completely free to be chosen by the payer/sender. If he wants to send his money or issue assets for 0.000000000001 nxt fee so be it but he must be aware there are high chances of his transaction taking a really long time to be approved due to not being too good for forgers. This fee is too high and has nothing to do with the freedom nature that NXT should have. It's coercive and inefficient. IMO fees shouldn't be 0.01 or 1 or anything else forced but completely free to be chosen, just like bitcoin
fees should only be as high to prevent blockchain dusting and that's it. 1 fee to send money 1000 to issue assets is ridiculous it should be at least 0.01 and 10, but rewarding those who pay higher fees by making sure their transactions get approved much quicker than those who pay lower fees
(and I say all of this by being a big forger so this would affect me negatively but I still want it for NXT's future sake. people with 1% of nxt coins barely forge more than 15 blocks a day so even with nearly no fees being paid due to small transactions there still is a lot of forging and competition!)
All fees should be completely free to be chosen by the payer/sender. If he wants to send his money or issue assets for 0.000000000001 nxt fee so be it but he must be aware there are high chances of his transaction taking a really long time to be approved due to not being too good for forgers. This fee is too high and has nothing to do with the freedom nature that NXT should have. It's coercive and inefficient. IMO fees shouldn't be 0.01 or 1 or anything else forced but completely free to be chosen, just like bitcoin
fees should only be as high to prevent blockchain dusting and that's it. 1 fee to send money 1000 to issue assets is ridiculous it should be at least 0.01 and 10, but rewarding those who pay higher fees by making sure their transactions get approved much quicker than those who pay lower fees
(and I say all of this by being a big forger so this would affect me negatively but I still want it for NXT's future sake. people with 1% of nxt coins barely forge more than 15 blocks a day so even with nearly no fees being paid due to small transactions there still is a lot of forging and competition!)
Yes, you are completely right, the problem is, that the source does not allow fractional NXT right now. The main developer is currently rewriting it so that 0.00000001 NXT will be possible. Just stay tuned, we will release an update soonish
March 18, 2014, 01:51:06 AM
You don't have to believe me, but if you watch the hour+ hangout linked in the first post I think it'll be pretty obvious I'm not in the bag for any of the protocols, and I'm trying projects on all of them because I want to find out which one is best for which use-cases.
If you're just generally not seeing the point of "user created assets" that things like NXT, MSC, and XCP allow I would really recommend reading the free, recently released book by Tim Swanson on Smart Contracts, Smart Property and what all the hype is about.
http://www.scribd.com/doc/210537698/Great-Chain-of-Numbers-a-Guide-to-Smart-Contracts-Smart-Property-and-Trustless-Asset-Management-Tim-Swanson
Good luck!
If you're just generally not seeing the point of "user created assets" that things like NXT, MSC, and XCP allow I would really recommend reading the free, recently released book by Tim Swanson on Smart Contracts, Smart Property and what all the hype is about.
http://www.scribd.com/doc/210537698/Great-Chain-of-Numbers-a-Guide-to-Smart-Contracts-Smart-Property-and-Trustless-Asset-Management-Tim-Swanson
Good luck!
i am also in all three projects (msc,xcp,nxt), what makes xcp or msc "easier" or let us say more useful, is that it is on top of btc. so people can send btc directly into the protocol, without first changing it on an exchange. second point is that the btc blockchain is proven for a few years... . for example xcp has engaged sergio lerner and peter todd for auditing, both are well known heads in the bitcoin community. nxt is trying hard to get their code audited by a third person.
anyway nxt is very promising in the longterm, but the useability is limited regarding adaption - what it needs is time
Where is point to use currency with such high fee...
Most gods is around ~20-50$ now fee 0,5$ this is in basis have fail a bit as currency.
If 1 NXT will cost 1000$ who will use it ?
Even with most advance features cost of using NXT outside exchange make it just pointless as currency...
In same time Bitcoin can cost 10000$ and you can pay 0,1$ fee or less for transfer...
But if we change NXT fee to 0,01 NXT that will probably hurt only that small players.
And today when projects with high lvl of development will arrive soon like NEM,Emunie,Exo,Entherum...
I don't say NXT is bad but that 1NXT fee is killing my interest.
Wait 2-3 weeks. The fee will be changed to 0.1 NXT approx. by then, and can be even smaller later on.
Why would small fees only hurt the small players?
A whale hardly looses anything if he transfers his 1M for 1 NXT, but it hurts a small player to send 10 NXT for the same fee.
March 17, 2014, 06:54:59 PM
You don't have to believe me, but if you watch the hour+ hangout linked in the first post I think it'll be pretty obvious I'm not in the bag for any of the protocols, and I'm trying projects on all of them because I want to find out which one is best for which use-cases.
If you're just generally not seeing the point of "user created assets" that things like NXT, MSC, and XCP allow I would really recommend reading the free, recently released book by Tim Swanson on Smart Contracts, Smart Property and what all the hype is about.
http://www.scribd.com/doc/210537698/Great-Chain-of-Numbers-a-Guide-to-Smart-Contracts-Smart-Property-and-Trustless-Asset-Management-Tim-Swanson
Good luck!
If you're just generally not seeing the point of "user created assets" that things like NXT, MSC, and XCP allow I would really recommend reading the free, recently released book by Tim Swanson on Smart Contracts, Smart Property and what all the hype is about.
http://www.scribd.com/doc/210537698/Great-Chain-of-Numbers-a-Guide-to-Smart-Contracts-Smart-Property-and-Trustless-Asset-Management-Tim-Swanson
Good luck!
i am also in all three projects (msc,xcp,nxt), what makes xcp or msc "easier" or let us say more useful, is that it is on top of btc. so people can send btc directly into the protocol, without first changing it on an exchange. second point is that the btc blockchain is proven for a few years... . for example xcp has engaged sergio lerner and peter todd for auditing, both are well known heads in the bitcoin community. nxt is trying hard to get their code audited by a third person.
anyway nxt is very promising in the longterm, but the useability is limited regarding adaption - what it needs is time
Where is point to use currency with such high fee...
Most gods is around ~20-50$ now fee 0,5$ this is in basis have fail a bit as currency.
If 1 NXT will cost 1000$ who will use it ?
Even with most advance features cost of using NXT outside exchange make it just pointless as currency...
In same time Bitcoin can cost 10000$ and you can pay 0,1$ fee or less for transfer...
But if we change NXT fee to 0,01 NXT that will probably hurt only that small players.
And today when projects with high lvl of development will arrive soon like NEM,Emunie,Exo,Entherum...
I don't say NXT is bad but that 1NXT fee is killing my interest.
March 17, 2014, 06:25:03 PM
You don't have to believe me, but if you watch the hour+ hangout linked in the first post I think it'll be pretty obvious I'm not in the bag for any of the protocols, and I'm trying projects on all of them because I want to find out which one is best for which use-cases.
If you're just generally not seeing the point of "user created assets" that things like NXT, MSC, and XCP allow I would really recommend reading the free, recently released book by Tim Swanson on Smart Contracts, Smart Property and what all the hype is about.
http://www.scribd.com/doc/210537698/Great-Chain-of-Numbers-a-Guide-to-Smart-Contracts-Smart-Property-and-Trustless-Asset-Management-Tim-Swanson
Good luck!
If you're just generally not seeing the point of "user created assets" that things like NXT, MSC, and XCP allow I would really recommend reading the free, recently released book by Tim Swanson on Smart Contracts, Smart Property and what all the hype is about.
http://www.scribd.com/doc/210537698/Great-Chain-of-Numbers-a-Guide-to-Smart-Contracts-Smart-Property-and-Trustless-Asset-Management-Tim-Swanson
Good luck!
i am also in all three projects (msc,xcp,nxt), what makes xcp or msc "easier" or let us say more useful, is that it is on top of btc. so people can send btc directly into the protocol, without first changing it on an exchange. second point is that the btc blockchain is proven for a few years... . for example xcp has engaged sergio lerner and peter todd for auditing, both are well known heads in the bitcoin community. nxt is trying hard to get their code audited by a third person.
anyway nxt is very promising in the longterm, but the useability is limited regarding adaption - what it needs is time
March 17, 2014, 06:12:38 PM
Hey all,
Adam here - If you think about NXT and XCP like "fundraisers" than you're missing the point.
They are not fundraisers, they are spreading-around-the-blame. Both projects (NXT and counterparty) have anonymous developers, both of them have no mining to distribute coins as Satoshi did, and neither of them apparently needed development funds because NXT raised about $2000 worth of BTC and XCP burned 2100BTC.
So compare that to a method where they sell the tokens - Whose going to buy a new, proof of stake token from someone who won't even tell you their name? Not many.
Compare it to a method where they give them away - They reward only people who wait for opportunities where they can get something for nothing and those people with more time than anything useful to do with it will become your first line of distribution, and will probably be happy with just about anything because there was no cost for them to acquire it.
But either raising a trivial amount of money (NXT) or simply saying "throw it in the fire and nobody will get it" (XCP) require a proof of give-a-shit and at least pretend to understand it enough to warrant throwing good money into a black hole for what might be a hoax or scam. It's not ideal, but it's simple.
And because there is no giant pile of money, there is problem of how do you spend a giant pile of money.
As mentioned, I am building projects on all viable platforms, NXT is one of the top contenders from my analysis of the available options.
Adam here - If you think about NXT and XCP like "fundraisers" than you're missing the point.
They are not fundraisers, they are spreading-around-the-blame. Both projects (NXT and counterparty) have anonymous developers, both of them have no mining to distribute coins as Satoshi did, and neither of them apparently needed development funds because NXT raised about $2000 worth of BTC and XCP burned 2100BTC.
So compare that to a method where they sell the tokens - Whose going to buy a new, proof of stake token from someone who won't even tell you their name? Not many.
Compare it to a method where they give them away - They reward only people who wait for opportunities where they can get something for nothing and those people with more time than anything useful to do with it will become your first line of distribution, and will probably be happy with just about anything because there was no cost for them to acquire it.
But either raising a trivial amount of money (NXT) or simply saying "throw it in the fire and nobody will get it" (XCP) require a proof of give-a-shit and at least pretend to understand it enough to warrant throwing good money into a black hole for what might be a hoax or scam. It's not ideal, but it's simple.
And because there is no giant pile of money, there is problem of how do you spend a giant pile of money.
As mentioned, I am building projects on all viable platforms, NXT is one of the top contenders from my analysis of the available options.
how much they did pay you to start pumping this crap coin?
El Dude, I read many of your valuable post in BTT and I could say: You are an asshole.
Regards.
March 17, 2014, 05:27:12 PM
pump pump pump
March 17, 2014, 05:22:32 PM
You don't have to believe me, but if you watch the hour+ hangout linked in the first post I think it'll be pretty obvious I'm not in the bag for any of the protocols, and I'm trying projects on all of them because I want to find out which one is best for which use-cases.
If you're just generally not seeing the point of "user created assets" that things like NXT, MSC, and XCP allow I would really recommend reading the free, recently released book by Tim Swanson on Smart Contracts, Smart Property and what all the hype is about.
http://www.scribd.com/doc/210537698/Great-Chain-of-Numbers-a-Guide-to-Smart-Contracts-Smart-Property-and-Trustless-Asset-Management-Tim-Swanson
Good luck!
If you're just generally not seeing the point of "user created assets" that things like NXT, MSC, and XCP allow I would really recommend reading the free, recently released book by Tim Swanson on Smart Contracts, Smart Property and what all the hype is about.
http://www.scribd.com/doc/210537698/Great-Chain-of-Numbers-a-Guide-to-Smart-Contracts-Smart-Property-and-Trustless-Asset-Management-Tim-Swanson
Good luck!
March 17, 2014, 03:34:17 PM
hmmm should have watched the you tube clip first...... too late i just text my gf that her fav singer is quite a fan of nxt. She's always moaning about me on the computer messing with coins, thought this could smooth it over.
March 17, 2014, 02:47:14 PM
Hey all,
Adam here - If you think about NXT and XCP like "fundraisers" than you're missing the point.
They are not fundraisers, they are spreading-around-the-blame. Both projects (NXT and counterparty) have anonymous developers, both of them have no mining to distribute coins as Satoshi did, and neither of them apparently needed development funds because NXT raised about $2000 worth of BTC and XCP burned 2100BTC.
So compare that to a method where they sell the tokens - Whose going to buy a new, proof of stake token from someone who won't even tell you their name? Not many.
Compare it to a method where they give them away - They reward only people who wait for opportunities where they can get something for nothing and those people with more time than anything useful to do with it will become your first line of distribution, and will probably be happy with just about anything because there was no cost for them to acquire it.
But either raising a trivial amount of money (NXT) or simply saying "throw it in the fire and nobody will get it" (XCP) require a proof of give-a-shit and at least pretend to understand it enough to warrant throwing good money into a black hole for what might be a hoax or scam. It's not ideal, but it's simple.
And because there is no giant pile of money, there is problem of how do you spend a giant pile of money.
As mentioned, I am building projects on all viable platforms, NXT is one of the top contenders from my analysis of the available options.
Adam here - If you think about NXT and XCP like "fundraisers" than you're missing the point.
They are not fundraisers, they are spreading-around-the-blame. Both projects (NXT and counterparty) have anonymous developers, both of them have no mining to distribute coins as Satoshi did, and neither of them apparently needed development funds because NXT raised about $2000 worth of BTC and XCP burned 2100BTC.
So compare that to a method where they sell the tokens - Whose going to buy a new, proof of stake token from someone who won't even tell you their name? Not many.
Compare it to a method where they give them away - They reward only people who wait for opportunities where they can get something for nothing and those people with more time than anything useful to do with it will become your first line of distribution, and will probably be happy with just about anything because there was no cost for them to acquire it.
But either raising a trivial amount of money (NXT) or simply saying "throw it in the fire and nobody will get it" (XCP) require a proof of give-a-shit and at least pretend to understand it enough to warrant throwing good money into a black hole for what might be a hoax or scam. It's not ideal, but it's simple.
And because there is no giant pile of money, there is problem of how do you spend a giant pile of money.
As mentioned, I am building projects on all viable platforms, NXT is one of the top contenders from my analysis of the available options.
how much they did pay you to start pumping this crap coin?
March 17, 2014, 02:38:28 PM
Hey all,
Adam here - If you think about NXT and XCP like "fundraisers" than you're missing the point.
They are not fundraisers, they are spreading-around-the-blame. Both projects (NXT and counterparty) have anonymous developers, both of them have no mining to distribute coins as Satoshi did, and neither of them apparently needed development funds because NXT raised about $2000 worth of BTC and XCP burned 2100BTC.
So compare that to a method where they sell the tokens - Whose going to buy a new, proof of stake token from someone who won't even tell you their name? Not many.
Compare it to a method where they give them away - They reward only people who wait for opportunities where they can get something for nothing and those people with more time than anything useful to do with it will become your first line of distribution, and will probably be happy with just about anything because there was no cost for them to acquire it.
But either raising a trivial amount of money (NXT) or simply saying "throw it in the fire and nobody will get it" (XCP) require a proof of give-a-shit and at least pretend to understand it enough to warrant throwing good money into a black hole for what might be a hoax or scam. It's not ideal, but it's simple.
And because there is no giant pile of money, there is problem of how do you spend a giant pile of money.
As mentioned, I am building projects on all viable platforms, NXT is one of the top contenders from my analysis of the available options.
Adam here - If you think about NXT and XCP like "fundraisers" than you're missing the point.
They are not fundraisers, they are spreading-around-the-blame. Both projects (NXT and counterparty) have anonymous developers, both of them have no mining to distribute coins as Satoshi did, and neither of them apparently needed development funds because NXT raised about $2000 worth of BTC and XCP burned 2100BTC.
So compare that to a method where they sell the tokens - Whose going to buy a new, proof of stake token from someone who won't even tell you their name? Not many.
Compare it to a method where they give them away - They reward only people who wait for opportunities where they can get something for nothing and those people with more time than anything useful to do with it will become your first line of distribution, and will probably be happy with just about anything because there was no cost for them to acquire it.
But either raising a trivial amount of money (NXT) or simply saying "throw it in the fire and nobody will get it" (XCP) require a proof of give-a-shit and at least pretend to understand it enough to warrant throwing good money into a black hole for what might be a hoax or scam. It's not ideal, but it's simple.
And because there is no giant pile of money, there is problem of how do you spend a giant pile of money.
As mentioned, I am building projects on all viable platforms, NXT is one of the top contenders from my analysis of the available options.
March 17, 2014, 02:29:06 PM
How was the distribution done?
i remember reading up on it but am too lazy to search for the info right now.
i remember reading up on it but am too lazy to search for the info right now.
A 2 months IPO.
It was so long and the return on investment was so big that the people who didn't invest will be frustrated and angry for eternity.
Missing the Nxt IPO when you had 2 months to invest is like failing your life. You must feel like the worst piece of shit in the world.
I totally understand why these people are obsessed with it but the truth is that there is 2 kind on people on earth :
- the ones that live in fear, complain and find excuses for their loser-life
- the ones that take risk and seize the opportunity but get over their losses
No need to point at them, they are revealing themselves every time the word "Nxt" is pronounced.
March 17, 2014, 02:18:10 PM
What happened to the NXT forum?.. forums.nxtcrypto.org is rather quiet; I know they lost their owner but still it's odd there isn't more.
yeah nxtcrypto unfortunately has only few users, most went to http://www.nextcoin.org instead.
Or stayed in the megathread here
March 17, 2014, 02:09:17 PM
What happened to the NXT forum?.. forums.nxtcrypto.org is rather quiet; I know they lost their owner but still it's odd there isn't more.
March 17, 2014, 02:01:22 PM
March 17, 2014, 01:55:22 PM
geez, a topic about NXT software, and after one post, it's a thread about distribution...again 
you all should check out the slickest client instead: http://nxtra.org/nxt-client/ (still on TESTnet). Credit goes to wesleyh!
This will be the new reference client in a few weeks.
you all should check out the slickest client instead: http://nxtra.org/nxt-client/ (still on TESTnet). Credit goes to wesleyh!
This will be the new reference client in a few weeks.
March 17, 2014, 01:48:50 PM
Yes, the pre-sale was ended abruptly without warning while someone was interested in buying and asking for clarification on the deadline to invest, from https://bitcointalk.org/index.php?topic=303898.480 :
I'm waiting for the answer. BCNext reads this thread.
Some changes in the plan:
1. Fundraising is over. That last 1 BTC, sent after the 2nd marking transaction, will be accepted but no more deposits should be made.
2. Nxt will be launched earlier than on the 3rd of January, right after the final test.
3. New Nxt users r supposed to be attracted by selling NXT and distributing via Nxt Faucet.
4. Messaging feature will be released later to avoid situation when somebody attempts to bloat the blockchain making it too huge for newcomers.
BTW we need one more bootstrapping server, coz 2 servers is not enough.
So, if I understand this correctly:
1) the main dev (BCNext) no longer posts directly to this thread but you purport to communicate with him and speak for him about the project, something we can't confirm,
2) the deadline for contributing BTC to acquire Nxt, which was originally described as being open until the genesis block was approved by the community sometimes at least a month from now, is now suddenly declared over with no advance warning; and
3) the BTC that were already sent to acquire Nxt, which the main dev (BCNext) promised earlier in this thread not to touch until the genesis block was generated, have now been moved.
About a week later, NXT was being sold at a 4762% markup at .000001 BTC/NXT over the original average pre-sale price of 0.000000021 BTC/NXT, https://bitcointalk.org/index.php?topic=345336.0;topicseen .
Can we still join in between now and January 3? I haven't really seen any clear definition of a deadline.
I'm waiting for the answer. BCNext reads this thread.
Some changes in the plan:
1. Fundraising is over. That last 1 BTC, sent after the 2nd marking transaction, will be accepted but no more deposits should be made.
2. Nxt will be launched earlier than on the 3rd of January, right after the final test.
3. New Nxt users r supposed to be attracted by selling NXT and distributing via Nxt Faucet.
4. Messaging feature will be released later to avoid situation when somebody attempts to bloat the blockchain making it too huge for newcomers.
BTW we need one more bootstrapping server, coz 2 servers is not enough.
1) the main dev (BCNext) no longer posts directly to this thread but you purport to communicate with him and speak for him about the project, something we can't confirm,
2) the deadline for contributing BTC to acquire Nxt, which was originally described as being open until the genesis block was approved by the community sometimes at least a month from now, is now suddenly declared over with no advance warning; and
3) the BTC that were already sent to acquire Nxt, which the main dev (BCNext) promised earlier in this thread not to touch until the genesis block was generated, have now been moved.
About a week later, NXT was being sold at a 4762% markup at .000001 BTC/NXT over the original average pre-sale price of 0.000000021 BTC/NXT, https://bitcointalk.org/index.php?topic=345336.0;topicseen .
March 17, 2014, 03:04:04 AM
Did you watch the entire thing? He later states the distribution sucked.
I really should stop bagging out this coin considering I want to become rich from the next pump.
I really should stop bagging out this coin considering I want to become rich from the next pump.
How was the distribution done?
i remember reading up on it but am too lazy to search for the info right now.
An IPO which enriched 70 odd people with 1 billion NXT. There was no timeframe and it was abruptly finished.
I think you are totally wrong in this one. Check the original BCNext thread and prove yourself.
March 16, 2014, 06:57:09 AM
Do we know something about that project? He seems to keep it secret...
Jump to: