Topic: Ethereum, MaidSafe, NXT, anything else worth investing in, in 2014? - page 4. (Read 5886 times)

NXT and stay tuned for the first IPO on top of nxt decentralized asset exchange: https://www.youtube.com/watch?v=_9JAK4TAUvE

Bitcoin 

Agreed. Myriad is great as well (for a 1st gen alt).

Have got some. Undervalued.

Good point @toknormal !

Do you know that NXT asset exchange is ready to be launched? In 16days, it will come to main-net according to countdown.

I am really excited about people like you, who will use NXT environment for his own business. Cheers!!  

Myriadcoin.

Not a "Bitcoin 2.0" coin, more like a more decentralized blockchain for PoW (a miner's paradise).

5 algorithms can mine. Each algorithm gets 1/5 of the "pie" (total coins over time).
SHA256 (ASICs), Scrypt (GPUs/ASICs), Skein(GPUs), Groestl(GPUs), OR Qubit(CPU/GPUs).

If more ASICs hop on SHA256, they only compete with SHA256 miners for their 1/5 of the pie. This way, for example, Groestl or Skein miners can mine and compete with mostly other GPU miners (and some GPU farms) for their 1/5 of the pie.

It solves the centralization of ASICs and the fragmentation of mining in cryptocurrency land. It also enables much much more.

Merged mining is being enabled with Myriadcoin. Colored coins are being used by Blocktech to bring "Liberdade" branded Myriadcoins to Brazil (and teaching them to mine, it's not an airdrop.)

I think that even if NXT, Etherium, NEM and Maidsafe ALL do exactly what they say, those networks alone won't remotely be able to satisfy the demand for this type of technology when it gets going.

Here's a small example just using NXT from my own industry (software development). I am an independent software developer and I plan to use the NXT asset exchange (currently in development) to issue software licenses as follows:

[1] - a licensing component in the software makes a call to the NXT network and creates an account (instantaneous)

[2] - it writes the private key to disk and informs the user of the account number

[3] - the user purchases one license unit from the NXT asset exchange

[4] - on a subsequent launch (or periodically) the software detects the presence of the appropriate asset in the account it created for itself and considers the installation licensed

So NXT doesn't have to become the new bitcoin to become hugely valuable. It just has to capture a tiny part of some relatively tiny world markets for all sorts of applications to be massively in demand.

NXT will be needed to:

A. Issue the assets (Currently costs 1000 NXT per asset, but I don't know if there's a limit on the quantity you can issue)
B. Pay for the assets

The thing about 2nd gen alts is there's a diversity of applications. They can all be successful and not even tap 1% of the potential market. 1st generation alts are currency and that's it so there can only really be 1 or 2 winners.

27% of the people  the poll say something else is the host investment for 2014, well what is it?

Doge is an interesting experiment in progress.  It was printing a ton of Doge, now just a lot.  It should have not ever been worth anything, but people liked it.  It will print less and less in the coming months and by the end of the year just a little bit.  If it holds till the end of the year, it will be good.

come on??

NEM, my dear.

 NXT of course:D

On a tangential note, is Dogecoin done?

eMunie of course

Yep, Invictus and Maidsafe have a lot of similar initiatives.

I know there is a lot of criticism going on about the sell, but you weren't the only one caught by surprised.  I bought mastercoin to buy safecoin, came home 3 hours after the sell started only to find out I couldn't even use my mastercoins. hahahaha.  Your explanations have been good enough for me. All things considered, I think you did a good job and look forward to see what will come of this in the future.  I have been following this launch and think that all things being considered, you have been trying hard to be transparent and fair.   

That being said, if mastercoin ever tries to be sold at a price different than their market price ever again, I will dump and trash talk it again and again.  We all learnt once, no need to repeat this mistake going forward.  And on Maidsafe's part, it would be cool if Maidsafe made some back up plans for things going forward too.  Like say for instance, "We think that this is going to happen, but just in case _______ happens, what are we going to do?"  I think that is a pretty reasonable request and one that the community would be happy if Maidsafe went through with.  Maidsafe doesn't have to be perfect and can't catch everything making a whole new platform from the ground up and going live in a way nobody has before, so some glitches are expected, but hopefully with some back up plans things can be monitored and acted upon when they come up in a way that inspires confidence.

I have bought into Mastercoin (just a little), Maidsafe (some), and NXT (a lot).  If Ethereum comes out, when it comes out, if it comes out, I will compare it up to the networks already in place.  I was ready to go in (a lot) before but they keep on delaying.  That doesn't build confidence in me especially since NXT is live now, albeit in a non-idealized version.  Right now NXT is just okay, but later it might be glorious.

As for another product.  I love bitcoin and think it is still a worthy investment.  The thing is, bitcoin has problems.  The main problem being a mining problem.  The altcoin clones are pretty much cheap knock offs to me.  All of them, even Litecoin.  I don't even look at something that involved a copy and paste in its code. 

That being said, if if if a new coin came along built with new code that was mineable by PCs on the CPU and only the CPU and would be guaranteed to stay that way, I would go in heavy on that.  IPO's like NXT are building very interesting platforms.  NEM too I think will be great, they will implement POI.  That will be like rewarding miners for actually maintaining the network, not doing useless math problems.  The beauty of a CPU coin that could be built on a platform like NEM or NXT would mean that small time people like me, you, and the guy down the street could mine their own cash on their own computer and spend it.  That would be really cool!  The problem is all altcoins are just clones of Bitcoin.  They all are copy and pasted with the same base in the same way so that they aren't reliable for home CPU mining.  They often try and get owned by GPUs or ASICs.  I have seen coins (looking at you bitshares) that were like "this will be only CPU and CPU forever and we will offer a bounty to anybody that proves us wrong" and boom days later the bounty has to be paid.  A CPU only coin would get back to the spirit of what bitcoin was meant to have been in the first place.  I would love to see that vision realized.  Maidsafe has a decent platform.  Rewarding nodes for doing real work that actually maintains the network.  We need that for a new coin.  If it doesn't happen, I am looking towards NXT, and if not NXT, then NEM which is already addressing the major flaws that NXT started off with. 

We got caught on the hop, systems were still being developed and tested and we were to introduce things through the 30 days as it developed. It finished even before we could tell what was happening nearly. Amazing and great to see support, but the most frightening thing in my life so far (and I took to rough seas as a volunteer lifeboat helmsman to save people in danger, so this is no exaggeration on how scary this was).

What we did was allow BTC funders to participate, MSC was all purchased by us. BitAngels offered and paid out MSAFE to MSC holder who were aggrieved and could prove they had MSC. I think what was achieved was the fairest mechanism possible and we did the whole sale for 40% discount for everyone. I cannot see that as greed or erosion of trust. It was a difficult and fast decision which rightly alarmed everyone. We did do a release as soon as we could to explain it all, but no action would have meant all early BTC funders were locked out and that would have been the unfair part.

Looking back, yes I would have done it different, so would the Master Protocol guys. It was a tsunami we never seen (yes possibly we should have) coming and we had to action in the benefit of the masses and we did. There is a public meet tonight with many of the parties involved to do a 'warts and all' walk through to improve any upcoming crowd sales. This should help out anyone following us in the leading edge process we took part in. On that point we managed the situation by sticking together and focussing on the community first, then the projects last.

So yes mistakes happened and will be learned from, but lack of morality is not very fair for anyone involved as far as I could tell anyway.

Good point, I think many of these projects all get along at the team level. It seem to be supporters of some who argue and cast wild allegations against who they think are competitors. As a community I think we need to support everything and keep very vigilant for the vapourware or poor projects and scams that will inevitably come. Since we started (maidsafe) speaking to the press etc. for instance we got some strange mails that we mostly ignored.

I was a slashdotter for years and that community were very good at pulling things apart and getting to the bottom of most things. They relied on the RTFM mentality and really forced people to speak with some authority in many cases. The [citation required] etc. comments seemed to work well and people trolling or just being accusing were dealt with pretty well. I cannot say much now as I am not there as much, it was great for a while though.

In talking with MasterCoin guys, NXT and Ethereum we seem to be very friendly at the project level, I think each of us projects need to jump on that behaviour to. We tend to vote down people who go on reddit etc. and slag off bitcloud or ethereum saying (incorrectly) maidsafe are simply better. It's not even a comparison as some of these projects have different goals and motivations, i.e. ethereum and MaidSafe could be parts of an amazing system in harmony, but they will not depend on each other for sure. The world will decide who is best not us.  I think many of the projects perhaps do the same and try and calm down extreme comments or misguided behaviour, we should maybe do more.

Opinion is great though, but mis-information or trolling kills good community forums. I think your approach seems pretty balanced and not always positive to MaidSafe, which is fine, we kinda like that. Everyone needs their feet on the ground.

We have something slashdot never though and that's lots and lots of meetup opportunities, nothing like looking in somebody's eyes when they speak to you. So if anyone see's me about feel free to do just that.

We of course know BTS. It‘s still in developing.