Topic: Beyond Nxt (Read 1702 times)

its only my personal opinion .......

i see dark cloud in this 

You won't get very far forging with the 2 NXT you got from a faucet. The rate of return is very low - fractions of a percent per year. Forging in Nxt is a way to secure the network, not a way to get rich.

The original "Arbitrary Messages" are just bytes. You can store encrypted bytes if you want, and some clients do, as a service on top of the Nxt core. Encrypted messages have also recently been added directly in the core; this is a different feature which will be enabled soon. I'm sorry if you got confused; I'm not sure what it is you read that confused you.

I'm not sure what proposal you mean. If you suggested other people spend their money to bail out an exchange, I'm not surprised the whales didn't go for it. Also, the Bter-thief deal did not reflect the market value of the coins stolen. Bter bought them back below market value. In effect, they paid a ransom. The thief accepted a low value because he would have found it hard to sell the coins for market value, and because he feared bounties placed on his head.

It's not easy to start a new coin and have it be a success. There's too much competition, and people are suspicious of scams. I'd rather you use your talents helping Nxt, or some more worthy coin if you prefer, with their marketing.

The cost of a transaction doesn't have to be 1 coin. Currently the Nxt fees are too high. Everyone knows this. They will be reduced; almost certainly by the end of the year. If they get reduced to 0.01 NXT per transaction, then with 2 NXT from a faucet you can make 200 transactions. It'll be better.

Agreed. I'm not sure faucets are the answer. Giving coin away for free just makes the currency seem worthless. And whatever a faucet gives for free has to be low value, because nothing stops people milking them endlessly (if necessary, creating thousands of different accounts) other it being more effort than its worth.

Similarly, a lot of coins try to launch by having free give-aways. People don't value what they get for free. Most dump it, if they can. Some hold it and hope that others will put the work in to make it worth something.

Some exchanges are better than others. Bter took minutes. A bigger problem was having to buy BTC to trade for NXT. Trading NXT for fiat directly would be better, but when you try to set that up you run into legal and regulatory issues. It takes effort and time, and few exchanges will bother until a currency has proved itself.

Nothing has happened that is likely to shatter their long-term confidence in Nxt. They are true believers in it for the long haul.

I disagree. It just takes time to develop value. Weathering this recent Bter storm will help in the long run. It hasn't tanked.

There are Nxt clones. You are seriously underestimating how difficult it is to launch a successful coin. Technology isn't enough. It needs a hard-working community. And, with respect, I wonder if you are as good at dealing with people as you think. It sounds like you alienated those you talked to.

wow,you have a great thought,i think you may learn from BTS,XCR,NEM, and make a coin by yourself,it may beyond Nxt.Good luck to you :)If you decide to make your own coin,pls let me know.

i always thought that NXT is just a social experiment.If you have faith,just do it!

Uhhhh....if that's the direction you're set on, you'll bump into turf that's already well covered by NEM. Better check it out.

They allow for forging coins..so the faucet is just the beginning..you can use the coins you earned there to help you forge more I think and transactions are how they give you more coins.

I didn't even get that far.  Marketing 101 is having a name that people can actually pronounce, as nobody wants to feel intimidated.  On the initial thread of Qora there were people complaining about the name on the very first pages.

NXT name is recognizable and conveys an idea.  The only downside was pointed out by Tai Zen that "nxt" doesn't flow in an english conversation as the word next is used frequently in everyday conversation.

I get that, but why is that any good? A few days back everyone was saying Qora was the next NXT but it turned out useless.

Yes, NXT is the same price it was in March... and the NXT Exchange is a Ghost Town.

Not to mention that truly odorous THEME based on silly uber-geeks making stupid faces...
*** IT'S  A  F*CKING   INSULT  TO  ALL  ENGINEERS ***.

Maybe they can replace this insulting stereotype... with black people swinging from trees.

I would mention VIACoin as a real competitor here...
They have world class  talent on their team...
The software just works... and then the Golden Rule = VIA Kept It Simple.

I did a math error up there.

.0025 x 200,000 = $500

 There's an advantage in NXT-styled distribution when creating an inflated capitalization as it gets your coin noticed and brings in people.  The downside is once you run out of hardcore crypto enthusiasts, you're left with trying to convince mainstreet Joe to invest his life savings' into a coin which has been robbed several times and is dominated by a dozen people who could dump and kill off the coin at any moment.

When you consider there are coins with capitalizations less than $2 million with more volume than NXT, NXT is extremely overvalued and has been a bubble for a long time.

to be honest those explores are always far from truth... eg. Mintpal owned 30% of al VRC and you saw that as 1 address while 1000+ was sharing same
adress. In other direction BIG holders just spilit money into few adress and from 10% of all coins you have 20x0.05%  (holder want to show cool distrybution ).

So at end BLOCK explores show SHIT ! - yea realy can be manipulated in both ways so what counts : ) ??
- NUMBER of transactions/volume ? This can be more accurate but also easy to manipulate by bots.
So every data you can collect at end can is manipulated distribution / volume / number of trades.

PS: Volume in NXT always have been weakness of NXT at this point no one can argue.

XCurrency has completely private, instant p2p encrypted messaging.

This chart shows the problem perfectly.

78% of available Nxt is owned by .3% of users, 9 months after the release; as if the coin was not released.

Now if they were smart, they would agree to compensate the little guys who got robbed and Bter, and forget about the robber, who you can thank for exposing Bter as another exchange gone bad.

This would solve the matter with good will and improve market depth in the long run. It's not ideal. A new coin with a real  distribution model, as suggested above, would make a much stronger coin. Transaction fees come with users. You can see their faulty method.

"Pinch a penny and loose a dollar." 

https://nxtblocks.info/#section/blockexplorer_distribution

95% of accounts have less than 1% of the coin. Some giveaway. There is nothing to reward these users for bringing anyone new in, as the Batch release suggestion would.

There's no plan to create market depth or growth with Nxt. The market will leave this distribution for a better coin that combines better technology and better distribution. A one-legged coin can go only so far; eliminate the barrier to entry to get usage.

A coin that wins in the long-run is one that builds an ecosystem with low barrier to entry and ease of use.

Maybe those who put up initial 20 BTC for Nxt would release the developers and code from exclusive obligations for 20 BTC worth of the new coin. It's another way for them to get something for their investment and have a stake in the new coin.

If you are worried about Anominity the only second generation coin that currently has a plan to be anonymous is Qora.

CRYPTI, also known as XCR is available on Bter, right above NXT on your balance page.  Links are in the INFO tab

CRYPTI is the new and better NXT.  Best to buy it now on Bter while your money is still there. 

I like the look of NEM. Most of it is a promise now, so we have to see if it actually delivers.

Haven't heard of CRYPTI.

You should take a look at BitsharesX, CRYPTI and NEM .. All successors to NXT.