Topic: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake - page 179. (Read 395841 times)

I been lucky to forge 7 blocks the past 2 days. 6 goose eggs and 1 with a total of 1 nxt in it. I'm going to the casino.

You know perfectly that real value beyond mere market speculation is in usability and use cases, and that the "real value" of something like Bitcoin goes a bit further than transaction fees, but even if we explained again the concept of white label custom blockchains behind Ardor, use cases for both the platform and the chains within (Ignis being again the reference one) you would still be nitpicking about it, so I will pass, thanks.

Thank you for the attempt but, unfortunately, too confusing and convoluted in reality. The question everyone has is really, really very simple: what, if anything, OF REAL VALUE, will IGNIS bring to its owners (50% NXT the other 50% NXT holders). From what you posted the answer that I get is "whatever the transaction fees from that child chain will be" which, beyond doubtful speculative value, will amount, unless I am wrong,  to a very small stake-like percentage fee.

Trying a MUCH simpler approach -as opposed to the technical one --lets all assume the tech works flawlessly- -
could do wonders for people to understand the benefits and value or potential value of both IGNIS and ARDOR, beyon a doubling or tripling of the NXT total coins count.

Ignite IGNIS !! 

Ignis (as finally chosen, in development talk this was referred to as FNX) is the name for the first reference child chain in the Ardor platform. This chain will be included into first Ardor release.

ARDR, currently in distribution process via snapshots, is the token to fuel the main Ardor chain. As you probably know, the purpose of this main chain is to PoS secure the whole platform, using fees in ARDR, by providing validation of all the child chains transactions. But that's essentially the whole functionality for ARDR. You have forging/network transaction type, and ARDR token transfer transactions within the main chain and between the main chain and any child chain. But the ARDR chain itself does not use all of the features currently run in Nxt - the Asset Exchange, the Monetary System, the Marketplace, Voting, Phased Transactions, Data Cloud and so on. All these tools can be enabled in any child chain, but they are not meant to be run using ARDR.

So Ignis becomes the first hardcoded child chain with at least the whole current toolset in Nxt. This will be the first, default token for anyone who wants for instance to issue an asset or place an order in the asset exchange within the Ardor platform. Of course there might be other early chains in Ardor created by third parties (whether included in the release, or created after Ardor goes live) that will also be able to use these features if they want.

For a detailed and more technical description you may want to read the developers introduction here.

Perhaps you want to try to explain, in as layman's terms as possible, what is IGNIS and, above all, in which way ownership of it will represent any value at all. I certainly would appreciate it.

Do I understand this right? If I have my NXT on Poloneix I can just wait and dont have to do anything to get Ardor?

More info about the voting result on the name IGNIS (First Childchain on Ardor)
https://nxtforum.org/general-discussion/child-chain-name-poll-results
#Ardor #IGNIS #Nxt #Blockchain

IGNIS is chosen (by decentralized voting on the #Nxt #blockchain) as name of the first #childchain on top of #Ardor!

Snapshots #Ardor stop in 5 weeks. What's your average $ARDR? Buy #NXT and stake till 12 Oct www.ardorplatform.org

This is what #Ardor is good for, securing small blockchains (with a few nodes) by the main Ardor chain. #childchains
http://cryptohustle.com/51-attack-crew-extorts-and-hijacks-blockchains-for-ransom

Yes.

Can I use the NXT Web wallet to get Ardor?

No..I  already have 25% ARDR obtained from what I sold. Profit on the trade plus profit in ARDR (cost base: zero). The other 75% is just potential. If price goes down another 50%, even if I would have gotten that 75% would not compensated the risk taken and would have, in fact, resulted in a loss, while this has already been very profitable.

By the way, the loss in price of the last few days, approximately 30%, is more in dollars given the 6.7% appreciation of btc in the las couple of days (40%, to be precise) that means, if parity is to be reached AND the strong btc/dollar continues, so should the sell off in NXT.

But dont you loose your ARDR now you would have gotten, if you didnt sell till 12th october??? Maybe in the end you loose more by not getting this ARDR. Dont you think 1 ARDR will be worth more than 1 NXT?

waitting for that good news

So after ardor is out when is the snapshot for the childchain to take place, and how long is the snapshot?

It meant I expected a drop, as has happened,  only considerably bigger over the next few weeks, and sold to free cash and position myself to buy back when price has adjusted... in my calc around either side of 2k.

Considering the crypto community in general has little interest for innovation it comes as no surprise that not much value is given to Ardor outside of the NXT community. The problem of scalability is real in the long run. Few other teams work on solving it, Ethereum perhaps, who else? Ardor is a long shot project focusing on solving scalability to become a real platform of blockchains. It's not an instant gratification project sought by many in the crypto community.

You have a point. But reality shows that, outside of the NXT community, no one gives any value to Ardor. The give it to other players in the space, even the ones going on vapor, not reality. But not to Ardor. At all. Considering that this whole premise is the doubling of NXT coins plain and simple, your math is correct... except the I believe the price of ardor will be a reflection of the one of NXT, not the other way around. In other words, whatever price is assigned to Ardor will ne whatever is being taken off of NXT.
No one has explained even remotely what the value/price of the first child chain could be derived from, which means yet another dilutive point to consider, rather than the opposite.
Of course another thing entirely-and subject to opinions- is if NXT is undervalued or not. Considering it has more than tripled since announcing ardor,  there's a good case to be made against the undervalued theory.