Kodtycoon and Mr. E: That paper is completely fluff. It reminds me of Nxt's "transparent forging" claim that is supposed to make Nxt robust to "91% attacks" (a statement I think is most likely nonsensical). Don't you find it strange that the real innovations and technical details in bitcoin can be explained at any level of depth that you're interested in, yet many of these "alt-coin innovations" remain hidden and vague in perpetuity? Don't you find it odd that very few of the many bright people here are even interested?
For example, how is James going to implement cross-chain trading (what he calls InstantDEX)? I've heard Nxt advocates talk about trustless cross-chain trading, yet it's generally accepted that it's impossible to transact with external systems/blockchains in a trustless manner. If it's not trustless, but rather "low trust," then a solution using m-of-n oracles is already known. There's never a need for things to be "powered by Nxt." It seems like a ridiculous statement to me.
The alt-coiners don't appreciate the importance of Satoshi's contribution. If bitcoin adoption continues, it will be written about in textbooks for centuries to come. Some of the developers here such as Greg and Gavin will likely be famous historical figures too. The alt-coin sideshow is largely a distraction. I don't want to say that all the alt-coin work is crap, because I think there's a small amount of genuine innovation [for example, I think Cryptonote's ring-signature approach made a contribution, and I think the concept of sophisticated contracts popularized by Ethereum made a contribution too (although I think it's much better executed using m-of-n Oracles as per Gavin's suggestion)]. If the alt-coin community does make a real innovation, we are going to take notice. But to date, the vast majority is either a folly or a scam.
The reason why you don't understand Nxt TF or InstaDex is that you haven't actually done any research on them to fully understand how it's possible. InstaDex is the realtime trading of Nxt Assets, BTC and other Alt Assets exist on Nxt AE via MGW. Have you reviewed the TF algorithm? You can if you want and if your tiny brain can understand it, you will see it works. It's easy to sit here and say "this doesn't make sense to me, it's a scam, etc.." Bitcoin is easy to explain because it's simple, like you. If you ever had conversations with Satoshi on p2p, you would know that he left BTC as soon as it's direction followed corporate structure. He doesn't hold the first generated Bitcoins like everyone thinks, those are lost, destroyed. His goal wasn't to make BTC the end all, it was to start a financial revolution.
Are you saying we must continue to follow Bitcoin for the purpose of making it historically significant? That is fucking stupid.
This is like an old man's club of guys who hide behind their medallions and spend way too much time on BTT complaining that Bitcoin is too low in price.
