Erik Voorhees favors NXT - page 6. | Bitcointalksearch.org

HalFinneysBrain

full member

Activity: 201

Merit: 100

Quote from: funkenstein on February 09, 2015, 06:42:01 PM

NXT is an interesting experiment and I salute the experimenters. The question in my mind is: what incentive is there for stakers to secure the network? It seems the coinbase rewards are nil. So, it is a combination of altruism and simply the desire to keep the network alive to maintain the value of holdings. Is this enough? We will find out.

Bitcoin miners have no incentive to mine Bitcoins at a loss (relative to electricity cost). Rationally, each miner would shut off if the price goes below this point. (They might be in a position of having spent money on hardware that they can never hope to recoup, but still be operating above their electricity cost, as a way to reduce losses).

Large NXT holders should be willing to forge, even at a loss, because they risk losing all of the value of their stake if the network dies. Unless they give up completely, they should be willing to continue forging. Its not altruism, it is in their best interest to keep the network running so that they can hope to recoup the value of their stake in the future!

funkenstein

legendary

Activity: 1066

Merit: 1050

Khazad ai-menu!

Quote from: Hollowman338 on February 08, 2015, 02:36:57 PM

Quote from: funkenstein on February 08, 2015, 06:08:19 AM

Quote from: jt byte on January 31, 2015, 11:52:03 PM

Like it or not, NXT has a very strong community backing it up

If it were true, why would you be making this statement?

Because it's true, and the obvious has to be stated sometimes for the more dense among us.

NXT is an interesting experiment and I salute the experimenters. The question in my mind is: what incentive is there for stakers to secure the network? It seems the coinbase rewards are nil. So, it is a combination of altruism and simply the desire to keep the network alive to maintain the value of holdings. Is this enough? We will find out.

nzminer

legendary

Activity: 1918

Merit: 1001

Quote from: achimsmile on February 08, 2015, 03:49:11 AM

I'm personally not interested in "consumers" that buy and hold Nxt, I'm more interested in people that use Nxt

Yes, i agree, this is important.
I think we will see alot of people initially invest in NXT to start with and there will be alot that will hold it for some time.

What is important, is not getting people to spend NXT, but rather getting people to accept it.
If enough people value this currency, this should happen naturally and we will see people spending it.

Right now we are in the adoption phase, once word gets out, we will see more volume and buy orders going on the exchanges, once the marketcap gains a solid standing, people will become alot more aware of its value and we will see more people starting to use it and thats when things really start to get exciting...

nzminer

legendary

Activity: 1918

Merit: 1001

Quote from: Hollowman338 on February 08, 2015, 04:30:39 PM

Quote from: sofu on February 08, 2015, 02:39:15 PM

If I remember right everybody had the chance to buy in the NXT ICO. But there was a lack of interest because all people followed Wolong with DOGE or Fontas with LTC Grin

I was just starting to play with btc/usd through coinbase at that point. I didn't make it to alt world until january 2014 Sad

But here I am. You can't fight success.

Same here, i didnt get into any of this until jan 2014 either!

I got excited, bought a rig, mined a few doge, mintcoin and digibyte, then dumped the lot for NXT and sold my rig and bought NXT with the money.

POW coins are not sustainable. I barley broke even with the price of electricity the rig used.

Once you get NXT, there is no going back!

NXT all the way

nzminer

legendary

Activity: 1918

Merit: 1001

Quote from: sofu on February 08, 2015, 02:39:15 PM

If I remember right everybody had the chance to buy in the NXT ICO. But there was a lack of interest because all people followed Wolong with DOGE or Fontas with LTC Grin

Yes quite true, people were more distracted with Doge and digitalcoin, BBQcoin and a whole lot of shitcoins that are now all long forgotten.

Im just glad ive invested in NXT while i still can.
I initially gave it a miss and was put off the distribution etc, but do your research, its really not bad like some make it out to be.

I have faith in NXT because i believe in its technology.

NXT will Prevail! Grin

Hollowman338

legendary

Activity: 1246

Merit: 1000

Quote from: sofu on February 08, 2015, 02:39:15 PM

If I remember right everybody had the chance to buy in the NXT ICO. But there was a lack of interest because all people followed Wolong with DOGE or Fontas with LTC Grin

I was just starting to play with btc/usd through coinbase at that point. I didn't make it to alt world until january 2014 Sad

But here I am. You can't fight success.

sofu

legendary

Activity: 1890

Merit: 1085

Degenerate Crypto Gambler

If I remember right everybody had the chance to buy in the NXT ICO. But there was a lack of interest because all people followed Wolong with DOGE or Fontas with LTC Grin

Hollowman338

legendary

Activity: 1246

Merit: 1000

Quote from: funkenstein on February 08, 2015, 06:08:19 AM

Quote from: jt byte on January 31, 2015, 11:52:03 PM

Like it or not, NXT has a very strong community backing it up

If it were true, why would you be making this statement?

Because it's true, and the obvious has to be stated sometimes for the more dense among us.

funkenstein

legendary

Activity: 1066

Merit: 1050

Khazad ai-menu!

Quote from: jt byte on January 31, 2015, 11:52:03 PM

Like it or not, NXT has a very strong community backing it up

If it were true, why would you be making this statement?

achimsmile

legendary

Activity: 1225

Merit: 1000

Quote from: patcon on February 07, 2015, 06:07:45 PM

Quote from: achimsmile on February 04, 2015, 11:02:17 AM

Bitcoin guys, it's time to wake up!

BTC has Multisig, Cold Storage, third party apps like Openbazaar, Voting (http://www.bitcongress.org/) etc. Ethereum will have Smart Contracts. Namecoin has a DNS system. Dogecoin has fast block times and a strong community...

Nxt has all that stuff and much more (will have Smart Contracts too), and they are all IN the standard client. No third party service needed.

- You can sell physical items on the Nxt marketplace
- You can issue shares of your company on the asset exchange
- You can issue your own currency on the Monetray System
- You can crowdfund a project (If the funding goal is not met, funds are automatically sent back, no trust needed)
- You can connect Nxt Aliases to Hyperboria (=decentralized DNS)
- you can cold-store Nxt

In the very near future, you will be able to:

- Cast decentralitzed votes with a vast possibility of options (like who is allowed to vote, how votes are weighted etc.)
- Set rules for your account (e.g. my account is only allowed to spend x coins per y blocks)

etc. etc. etc.

Just try the demo here: http://nxt.org/demo/

I'm open to the potential of NXT, but it just doesn't strike me as a system that's adopting a very "unix-y" philosophy, of which I'm suspicious.

Whenever I hear people talking about NXT, I can't help but think of a TV-VCR-DVD player combo. Sounds great if you're aiming to directly lure in consumers, but not what you want in a platform...?

To be suspicious is the right attitude in crypto.

Which system would you favour:
1. One where you have to use a different third party app for every single use case (or even have to convert to other blockchains for certain features)
2. One platform for all use cases

Imagine you want to start a crypto company: You want to crowdfund your product. You want to be able to send dividends to investors without searching for every account. Maybe you want to issue your own stock. You want to have a vote based on shareholder votes only etc.

It's just that this stuff is really easy to do using Nxt.
Maybe comparing Nxt to a smartphone would describe it better.

I'm personally not interested in "consumers" that buy and hold Nxt, I'm more interested in people that use Nxt

scott btc

sr. member

Activity: 356

Merit: 250

NXT has a serious community behind it and brings lots of innovative features into the game. I'm willing to bet some of my BTC that it will work in the long term.

EvilDave

hero member

Activity: 854

Merit: 1001

@patcon:

Your idea of NXT as a complex, consumer oriented combo product is pretty wide of the mark, being honest.

You could describe SuperNET in that way, as it is intended to be a 'one stop shop' for a lot of current crypto functionality, but NXT is a much more basic platform. So basic, in fact, that NXT is used as part of the underlying SuperNET structure.

NXT is a completely open-source, decentralised and non-corporate crypto platform, giving users a suite of powerful tools that allow them to create pretty much anything they can think of on the NXT blockchain.
I've heard it described as the Linux of crypto, and that makes perfect sense to me......independent, open, sometimes tricky to use, but very powerful.

Anyhow, do your own research and figure it out for yourself:

Supernet:
https://bitcointalksearch.org/topic/ann-supernet-nxt-asset-12071612744977229797-supernet-kmd-assetchain-in-summer-762346

NXT:
Initial BTT thread: https://bitcointalksearch.org/topic/ann-nxt-descendant-of-bitcoin-303898
Current BTT thread: https://bitcointalksearch.org/topic/nxt-blockchain-platform-proof-of-stake-official-587007
Main NXT forum: https://nxtforum.org/index.php
Useful sites: http://nxter.org/ : http://nxt.org/

patcon

newbie

Activity: 13

Merit: 0

Quote from: achimsmile on February 04, 2015, 11:02:17 AM

Bitcoin guys, it's time to wake up!

BTC has Multisig, Cold Storage, third party apps like Openbazaar, Voting (http://www.bitcongress.org/) etc. Ethereum will have Smart Contracts. Namecoin has a DNS system. Dogecoin has fast block times and a strong community...

Nxt has all that stuff and much more (will have Smart Contracts too), and they are all IN the standard client. No third party service needed.

- You can sell physical items on the Nxt marketplace
- You can issue shares of your company on the asset exchange
- You can issue your own currency on the Monetray System
- You can crowdfund a project (If the funding goal is not met, funds are automatically sent back, no trust needed)
- You can connect Nxt Aliases to Hyperboria (=decentralized DNS)
- you can cold-store Nxt

In the very near future, you will be able to:

- Cast decentralitzed votes with a vast possibility of options (like who is allowed to vote, how votes are weighted etc.)
- Set rules for your account (e.g. my account is only allowed to spend x coins per y blocks)

etc. etc. etc.

Just try the demo here: http://nxt.org/demo/

I'm open to the potential of NXT, but it just doesn't strike me as a system that's adopting a very "unix-y" philosophy, of which I'm suspicious.

Whenever I hear people talking about NXT, I can't help but think of a TV-VCR-DVD player combo. Sounds great if you're aiming to directly lure in consumers, but not what you want in a platform...?

achimsmile

legendary

Activity: 1225

Merit: 1000

Bitcoin guys, it's time to wake up!

BTC has Multisig, Cold Storage, third party apps like Openbazaar, Voting (http://www.bitcongress.org/) etc. Ethereum will have Smart Contracts. Namecoin has a DNS system. Dogecoin has fast block times and a strong community...

Nxt has all that stuff and much more (will have Smart Contracts too), and they are all IN the standard client. No third party service needed.

- You can sell physical items on the Nxt marketplace
- You can issue shares of your company on the asset exchange
- You can issue your own currency on the Monetray System
- You can crowdfund a project (If the funding goal is not met, funds are automatically sent back, no trust needed)
- You can connect Nxt Aliases to Hyperboria (=decentralized DNS)
- you can cold-store Nxt

In the very near future, you will be able to:

- Cast decentralitzed votes with a vast possibility of options (like who is allowed to vote, how votes are weighted etc.)
- Set rules for your account (e.g. my account is only allowed to spend x coins per y blocks)

etc. etc. etc.

Just try the demo here: http://nxt.org/demo/

Este Nuno

legendary

Activity: 826

Merit: 1002

amarha

Quote from: r0ach on February 04, 2015, 09:54:13 AM

Jason Voorhees favors dogecoin

Haha!

r0ach

legendary

Activity: 1260

Merit: 1000

Jason Voorhees favors dogecoin

Snail2

legendary

Activity: 1512

Merit: 1000

IMO NXT have a good potential for a "bright future". I haven't seen any other coin with such steady but fast development. If the whales not screwing up then NXT going to be a big thing.

ShroomsKit_Disgrace

legendary

Activity: 952

Merit: 1000

Yeah! I hate ShroomsKit!

Erik knows how to invest. NXT is the future.

matrix zion

sr. member

Activity: 381

Merit: 251

I think NXT it is a really good investment, especially for these prices

Marc De Mesel

sr. member

Activity: 327

Merit: 250

The Best Investment Deserves The Largest Exposure

Interview was cancelled due to technical problems Sad

https://twitter.com/paulbuitink/status/562707730071560193

Topic: Erik Voorhees favors NXT - page 6. (Read 10089 times)