Breaking news!
We have just hit the 100 nodes milestone for the Lucky node lottery. Are you in?
https://nxtforum.org/general-discussion/5-million-nxt-bounty-for-nxt-ardor-forgers/
Topic: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake - page 185. (Read 395841 times)
August 13, 2016, 12:57:14 PM
August 13, 2016, 09:30:24 AM
After the Ardor Snapshot, NXT will not plummet in value. NXT is still home to the Multigateway and it could be used in an exchange like fashion. Especially when atomic swaps and Instantdex is complete. NXT exchange fees even with this massive increase in nxt price only end up like 3 NXT ( 15000 satoshi ) when all said and done, 1 NXT to buy the order and 2 NXT to send to a non-NXT address plus txfees of the coin. Atomic Swaps will make this competitive method of transacting.
Color me quite skeptical on that one. But what do I know, right?
The point is NXT will still have use even after Ardor. If anything a lower NXT price makes the MGW even more attractive.
The current rise in price is obviously because of Ardor. But post-Ardor , there are several reasons why people may prefer to stay on the system. The MGW currently sees relatively little use due to the steps you have to jump through to do transactions. ( i.e. need NXT to list/delist buy/sell etc. ) but if Instantdex delivers on its promise then all of those extra steps would be done behind the scenes. The FNX token is another reason for people to stay. As well as continued incentivization like Megalodons forging bounty the lucky node lottery etc.
It will be interesting to see how this all plays out to say the least
Price has been under constant sale pressure for over a week now. It is now starting to go below 5k sat. Megladons forge bounty is nice if you can forge a block and thats if you dont forge a big fat 0. I have forged 40 blocks in over a months time and 30 of them have been empty. I think the forge bounty needs to give out 5 nxt to smaller accounts daily at random times to get nxt off exchanges and get more forging power.
August 12, 2016, 04:16:09 PM
Why is #Nxt Rising? Nxt #Cryptocurrency and the #Ardor ICO By g-dubs.
https://steemit.com/crptocurrency/@g-dubs/why-is-nxt-rising-nxt-cryptocurrency-and-the-ardor-ico
https://steemit.com/crptocurrency/@g-dubs/why-is-nxt-rising-nxt-cryptocurrency-and-the-ardor-ico
August 12, 2016, 04:15:33 AM
) more ARDR!
August 11, 2016, 03:27:39 PM
Will FNX be tradable as an asset at the time ardor will be?
No. FNX coins will be distributed at launch of the new platform Ardor which will be in July 2017. August 11, 2016, 03:22:48 PM
Will FNX be tradable as an asset at the time ardor will be?
August 11, 2016, 03:20:53 PM
Can someone confirm that
a) I don't need to download the full blockchain on 9.2 for my Ardor to count
B) if i held NXT before the snapshot period for over 6 months on the old client. Then the Ardor count will take into account the period i have held my NXt in total not the period since i used the next client 9.2
B is sort of related to A which is why i sort of need clarification as this blockchain is taking loooong to download
a) I don't need to download the full blockchain on 9.2 for my Ardor to count
B) if i held NXT before the snapshot period for over 6 months on the old client. Then the Ardor count will take into account the period i have held my NXt in total not the period since i used the next client 9.2
B is sort of related to A which is why i sort of need clarification as this blockchain is taking loooong to download
Dont worry! As wolffang said: ARDR distribution mechanism is client version agnostic, because account IDs and keys are global
If you want to have the blockchain downloaded faster, you can use http://peerexplorer.com/. Just scroll down and click on the little blue word "Download" on the bottom of the site. Then follow the instructions given according to your operation system.
August 11, 2016, 01:45:06 PM
Can someone confirm that
a) I don't need to download the full blockchain on 9.2 for my Ardor to count
B) if i held NXT before the snapshot period for over 6 months on the old client. Then the Ardor count will take into account the period i have held my NXt in total not the period since i used the next client 9.2
B is sort of related to A which is why i sort of need clarification as this blockchain is taking loooong to download
a) I don't need to download the full blockchain on 9.2 for my Ardor to count
B) if i held NXT before the snapshot period for over 6 months on the old client. Then the Ardor count will take into account the period i have held my NXt in total not the period since i used the next client 9.2
B is sort of related to A which is why i sort of need clarification as this blockchain is taking loooong to download
Use the New release :
https://nxtforum.org/nrs-releases/nrs-v1-10-1/
It is light client so you can use while the download is on the background.
Ardor is connected to your nxt id. Confirmations and ardor count are done on the blockchain whether you have the client or not.
After snapshots you get the ardor asset. If you want to trade it directly you need the blockchain downloaded to be able to trade on the Nxt decentralized asset exchange.
August 11, 2016, 12:13:38 PM
Can someone confirm that
a) I don't need to download the full blockchain on 9.2 for my Ardor to count
B) if i held NXT before the snapshot period for over 6 months on the old client. Then the Ardor count will take into account the period i have held my NXt in total not the period since i used the next client 9.2
B is sort of related to A which is why i sort of need clarification as this blockchain is taking loooong to download
a) I don't need to download the full blockchain on 9.2 for my Ardor to count
B) if i held NXT before the snapshot period for over 6 months on the old client. Then the Ardor count will take into account the period i have held my NXt in total not the period since i used the next client 9.2
B is sort of related to A which is why i sort of need clarification as this blockchain is taking loooong to download
August 11, 2016, 11:33:22 AM
Dont forget to #vote for the name of the 1st #childchain of #Ardor platform!
https://nxtforum.org/general-discussion/poll-pick-your-3-favorites-to-be-used-for-the-1st-ardor-childchain/
https://nxtforum.org/general-discussion/poll-pick-your-3-favorites-to-be-used-for-the-1st-ardor-childchain/
August 11, 2016, 09:04:15 AM
How are the forging pools catering to the ardor snapshots? Are they passing on ardor tokens?
No need for pools to redistribute ARDR. Because one of the great things about Nxt is that you can lease your forging power without leasing your coins. So the coins stay on your account and you get the ARDR to your account although you are leasing the forging power of your coins.Will the user who lease the forging power also earn ARDR in the distribution phase? Does ARDR is paid to all new coins from forging?
There are no new coins in Nxt. Nxt has a fixed supply of coins (NXT). The coins gained by forging are the fees people pay to send transactions.
The forging pools accumulate the NXT fees in their forging account, and that account will be accumulating ARDOR like all other accounts. Are the pools going to distribute the ARDOR? afaik the pools don't distribute NXT until users request payment of their share, so the pools hold some nxt on behalf of pool members. There is uncertainty here ...
Yes, there is uncertainty, will the major pools be distributing the ARDOR to members, or will they keep it?
It might be a difficult task to calculate with so many variables, but it should be possible to calculate with some scripting and the blockchain record. The large pool has already accumulated nearly 21K ARDR so far, so it's not going to be a trivial amount by October 12.
https://www.mynxt.info/account/NXT-K5KL-23DJ-3XLK-22222 - has 28M NXT forging power!
August 11, 2016, 06:50:29 AM
How are the forging pools catering to the ardor snapshots? Are they passing on ardor tokens?
No need for pools to redistribute ARDR. Because one of the great things about Nxt is that you can lease your forging power without leasing your coins. So the coins stay on your account and you get the ARDR to your account although you are leasing the forging power of your coins.Will the user who lease the forging power also earn ARDR in the distribution phase? Does ARDR is paid to all new coins from forging?
There are no new coins in Nxt. Nxt has a fixed supply of coins (NXT). The coins gained by forging are the fees people pay to send transactions.
The forging pools accumulate the NXT fees in their forging account, and that account will be accumulating ARDOR like all other accounts. Are the pools going to distribute the ARDOR? afaik the pools don't distribute NXT until users request payment of their share, so the pools hold some nxt on behalf of pool members. There is uncertainty here ...
Yes, there is uncertainty, will the major pools be distributing the ARDOR to members, or will they keep it?
August 10, 2016, 11:57:21 PM
After the Ardor Snapshot, NXT will not plummet in value. NXT is still home to the Multigateway and it could be used in an exchange like fashion. Especially when atomic swaps and Instantdex is complete. NXT exchange fees even with this massive increase in nxt price only end up like 3 NXT ( 15000 satoshi ) when all said and done, 1 NXT to buy the order and 2 NXT to send to a non-NXT address plus txfees of the coin. Atomic Swaps will make this competitive method of transacting.
Color me quite skeptical on that one. But what do I know, right?
The point is NXT will still have use even after Ardor. If anything a lower NXT price makes the MGW even more attractive.
The current rise in price is obviously because of Ardor. But post-Ardor , there are several reasons why people may prefer to stay on the system. The MGW currently sees relatively little use due to the steps you have to jump through to do transactions. ( i.e. need NXT to list/delist buy/sell etc. ) but if Instantdex delivers on its promise then all of those extra steps would be done behind the scenes. The FNX token is another reason for people to stay. As well as continued incentivization like Megalodons forging bounty the lucky node lottery etc.
It will be interesting to see how this all plays out to say the least
August 10, 2016, 11:50:03 PM
After the Ardor Snapshot, NXT will not plummet in value. NXT is still home to the Multigateway and it could be used in an exchange like fashion. Especially when atomic swaps and Instantdex is complete. NXT exchange fees even with this massive increase in nxt price only end up like 3 NXT ( 15000 satoshi ) when all said and done, 1 NXT to buy the order and 2 NXT to send to a non-NXT address plus txfees of the coin. Atomic Swaps will make this competitive method of transacting.
Sorry but I will have to disagree. NXT is rising because of the Ardor snap shot announcement. The NXT community were the ones who first hurriedly bought NXT and made it rise in price. Before that NXT was already on the way down below 1000 satoshis. "Multigateway" or "atomic swaps" were not making the price go up. But speculation because of the Ardor snap shots did.
August 10, 2016, 11:24:09 PM
After the Ardor Snapshot, NXT will not plummet in value. NXT is still home to the Multigateway and it could be used in an exchange like fashion. Especially when atomic swaps and Instantdex is complete. NXT exchange fees even with this massive increase in nxt price only end up like 3 NXT ( 15000 satoshi ) when all said and done, 1 NXT to buy the order and 2 NXT to send to a non-NXT address plus txfees of the coin. Atomic Swaps will make this competitive method of transacting.
Color me quite skeptical on that one. But what do I know, right?
August 10, 2016, 11:20:52 PM
After the Ardor Snapshot, NXT will not plummet in value. NXT is still home to the Multigateway and it could be used in an exchange like fashion. Especially when atomic swaps and Instantdex is complete. NXT exchange fees even with this massive increase in nxt price only end up like 3 NXT ( 15000 satoshi ) when all said and done, 1 NXT to buy the order and 2 NXT to send to a non-NXT address plus txfees of the coin. Atomic Swaps will make this competitive method of transacting.
August 10, 2016, 03:46:42 PM
It says snapshots will be taken of NXT to give tokens what if they are bought and sold on an exchange during the time how will this work. Thanks
August 10, 2016, 03:34:31 PM
Not by any model of real-world currently conceivable businesses, it won't.
Apparently you're not a visionary kind. Did you imagine something like bitcoin 10-20 years ago?
What Ardor offers is a way to operate a blockchain secured by decentralized consensus, cheaper and more safe than infrastructure and labor a child chain customer could achieve running their own blockchain.
If blockchains and the type of functions they can perform are here to stay, there will be large demand for what Ardor can offer.
Real-world currently conceivable businesses are not world of tomorrow conceivable businesses. You have a short term speculator's look, don't you?
You are right. You must also have the "angel" in Aol, Yahoo, Facebook and Uber. At least... You see, the problem is that I am mostly investing for me right now, not for my grandchildren. And even if I would, why would I mess with something other than what has already proven a significant success (but much less than some expectations), BTC? Most particularly why would I invest or support, longer term, something like NXT which, under best case scenarios, would make "the team" very, very rich while its investors/supporters (holders of the tokens) would be mostly left to dry and at the mercy of hackers/insiders?
I'm sure you see quite clearly my points, whether you choose to admit it or not. I see yours.
Meanwhile, on more mundane terms, we continue creeping up on diminished but significant volume.Which means the scheme continues working and we could reach double digits before any major sell off.
August 10, 2016, 02:36:41 PM
Not by any model of real-world currently conceivable businesses, it won't.
Apparently you're not a visionary kind. Did you imagine something like bitcoin 10-20 years ago?
What Ardor offers is a way to operate a blockchain secured by decentralized consensus, cheaper and more safe than infrastructure and labor a child chain customer could achieve running their own blockchain.
If blockchains and the type of functions they can perform are here to stay, there will be large demand for what Ardor can offer.
Real-world currently conceivable businesses are not world of tomorrow conceivable businesses. You have a short term speculator's look, don't you?
August 10, 2016, 02:32:28 PM
Official #Nxt Releases > NRS v1.10.1
https://nxtforum.org/nrs-releases/nrs-v1-10-1/
https://nxtforum.org/nrs-releases/nrs-v1-10-1/
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