Can NXT do more?
What features are coming soon? I know the exchange is up and running now...
What should we expect in the coming months??
Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 428. (Read 941425 times)
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He certainly needs trust. But, that is gained by transparency. That is gained by a 3rd part audit of his bullion holdings. The only issue I see with this asset is the total asset count doesn't equal his current holdings. This makes the audit harder. Although, I guess there is no way with the ASSET exchange to adjust the number of shares (ounces in his case) based on his warehoused bullion.
its simple actually. 1 trillion units issued. 999,999,999,891.6648 assets in the possession of account NXT-UWKJ-GFEV-AGY4-5C4YS. 1 trillion - 999,999,999,891.6648 = 108.3352. I have 108.3352 troy ounces in total liabilities.
Wouldn't it be easier to just buy silver rounds/bars, warehouse them and tie the assets to that storage?
Where is the fun?
I guess if pouring 2000deg metal is one guys idea of fun, more power to him.
What is so fun at pool party with barbecuing, beer and live band... when you can melt metal in hot oven... Oh yeaaaah ! !
I think he's planning on making 'NXT' bars eventually...
im not sure if i want to do that or just have a more general brand. but yes i will definitely be getting a stamping machine and some custom stamps at some point. i really need more feedback from the community. there are soo many things that i could do to improve my business. like literally 2 dozen things that i know of already and of course i can only do one at a time so it would be great if i knew what was most important to you guys so i could put that at the top of my list.
some potential upgrades (in the order i think is most important):
buying a tumbler so that bars will come out with a mirror shine
moving into refining
having a custom 10 ounce mold made so i can start pouring 10 ounce bars
getting stamps and a stamping machine
moving into gold
Anon136, I assume the tokens on the AE represent a share in these bars you are showing. The bars are obviously in your possession. So claiming your share would mean that you have to send/ship the physical stuff to that person. We have to trust you for this. So is there a way in which we can eliminate this trust (the crypto world is all about finding trushtless solutions). Even if you are trustworthy then there is the problem of a limited lifespam. What happens if you die (i hope you life long, don't get me wrong).
So i think it would be nice if you could setup a company/organisation/foundation that legaly possesses the silver and would deliver them to anyone who has the tokens. So this company needs to legally acknowledge the NXT blockchain and the silver tokens that are traded on it.
Of course i want to do that, but i have to take this thing 1 step at a time. Right now my concern is getting the community to show enough interest to justify buying a 50 dollar tumbler not a million dollar corporation. I'm worried honestly. Right now im number 17 on the list when im the only asset (as far as i know) that actually has something real to show other than just pie in the sky promises. I'm hoping this will get better when we have more sellers competing with each other to bring prices down. There are so many things that i can do to make this project better. Some would make it a lot better for only a little bit of money, stamping machine and tumbler for example. Something like incorporating and hiring employees who can carry on my work should i die would undoubtedly make it better but at what cost? i need to do all of the things that make it better and dont cost a million dollars before i move onto things that make it better but do cost a million dollars. As for now, the risk that i should die just needs to be priced in, take it into consideration when thinking about how much you are willing to pay for an asset.
Don't worry, I haven't bought anything on the AE yet because I think everything is overvalued at the moment (and I am holding all the Nxt I own), but I've been following what you are doing from the start and silver is definitely the first thing I'm buying on the AE. I'm sure there's a lot of people like me.
You have the right approach, just stay patient and keep the big picture in mind.
Wouldn't it be easier to just buy silver rounds/bars, warehouse them and tie the assets to that storage?
Where is the fun?
I guess if pouring 2000deg metal is one guys idea of fun, more power to him.
What is so fun at pool party with barbecuing, beer and live band... when you can melt metal in hot oven... Oh yeaaaah ! !
I think he's planning on making 'NXT' bars eventually...
im not sure if i want to do that or just have a more general brand. but yes i will definitely be getting a stamping machine and some custom stamps at some point. i really need more feedback from the community. there are soo many things that i could do to improve my business. like literally 2 dozen things that i know of already and of course i can only do one at a time so it would be great if i knew what was most important to you guys so i could put that at the top of my list.
some potential upgrades (in the order i think is most important):
buying a tumbler so that bars will come out with a mirror shine
moving into refining
having a custom 10 ounce mold made so i can start pouring 10 ounce bars
getting stamps and a stamping machine
moving into gold
Anon136, I assume the tokens on the AE represent a share in these bars you are showing. The bars are obviously in your possession. So claiming your share would mean that you have to send/ship the physical stuff to that person. We have to trust you for this. So is there a way in which we can eliminate this trust (the crypto world is all about finding trushtless solutions). Even if you are trustworthy then there is the problem of a limited lifespam. What happens if you die (i hope you life long, don't get me wrong).
So i think it would be nice if you could setup a company/organisation/foundation that legaly possesses the silver and would deliver them to anyone who has the tokens. So this company needs to legally acknowledge the NXT blockchain and the silver tokens that are traded on it.
Of course i want to do that, but i have to take this thing 1 step at a time. Right now my concern is getting the community to show enough interest to justify buying a 50 dollar tumbler not a million dollar corporation. I'm worried honestly. Right now im number 17 on the list when im the only asset (as far as i know) that actually has something real to show other than just pie in the sky promises. I'm hoping this will get better when we have more sellers competing with each other to bring prices down. There are so many things that i can do to make this project better. Some would make it a lot better for only a little bit of money, stamping machine and tumbler for example. Something like incorporating and hiring employees who can carry on my work should i die would undoubtedly make it better but at what cost? i need to do all of the things that make it better and dont cost a million dollars before i move onto things that make it better but do cost a million dollars. As for now, the risk that i should die just needs to be priced in, take it into consideration when thinking about how much you are willing to pay for an asset.
If you want to say to your (grand)kids one day - yes, I was there and helping, when all media wrote about our Nxt crowdfunding for the expo event, here is your chance: 
https://nxtforum.org/general-discussion/fundraising-for-payexpo/msg27006/#msg27006
Zehra J Chudry:
thanks
https://nxtforum.org/general-discussion/fundraising-for-payexpo/msg27006/#msg27006
Zehra J Chudry:
Quote
Delighted to welcome @NXTCoin as the official #cryptocurrency Partner @PayExpo NXT will be paying their #crowdfunded sponsorship in #Nxtcoin
thanks
Wouldn't it be easier to just buy silver rounds/bars, warehouse them and tie the assets to that storage?
Where is the fun?
I guess if pouring 2000deg metal is one guys idea of fun, more power to him.
What is so fun at pool party with barbecuing, beer and live band... when you can melt metal in hot oven... Oh yeaaaah ! !
I think he's planning on making 'NXT' bars eventually...
im not sure if i want to do that or just have a more general brand. but yes i will definitely be getting a stamping machine and some custom stamps at some point. i really need more feedback from the community. there are soo many things that i could do to improve my business. like literally 2 dozen things that i know of already and of course i can only do one at a time so it would be great if i knew what was most important to you guys so i could put that at the top of my list.
some potential upgrades (in the order i think is most important):
buying a tumbler so that bars will come out with a mirror shine
moving into refining
having a custom 10 ounce mold made so i can start pouring 10 ounce bars
getting stamps and a stamping machine
moving into gold
Anon136, I assume the tokens on the AE represent a share in these bars you are showing. The bars are obviously in your possession. So claiming your share would mean that you have to send/ship the physical stuff to that person. We have to trust you for this. So is there a way in which we can eliminate this trust (the crypto world is all about finding trushtless solutions). Even if you are trustworthy then there is the problem of a limited lifespam. What happens if you die (i hope you life long, don't get me wrong).
So i think it would be nice if you could setup a company/organisation/foundation that legaly possesses the silver and would deliver them to anyone who has the tokens. So this company needs to legally acknowledge the NXT blockchain and the silver tokens that are traded on it.
He certainly needs trust. But, that is gained by transparency. That is gained by a 3rd part audit of his bullion holdings. The only issue I see with this asset is the total asset count doesn't equal his current holdings. This makes the audit harder. Although, I guess there is no way with the ASSET exchange to adjust the number of shares (ounces in his case) based on his warehoused bullion.
Anon136, I assume the tokens on the AE represent a share in these bars you are showing. The bars are obviously in your possession. So claiming your share would mean that you have to send/ship the physical stuff to that person. We have to trust you for this. So is there a way in which we can eliminate this trust (the crypto world is all about finding trushtless solutions). Even if you are trustworthy then there is the problem of a limited lifespam. What happens if you die (i hope you life long, don't get me wrong).
So i think it would be nice if you could setup a company/organisation/foundation that legaly possesses the silver and would deliver them to anyone who has the tokens. So this company needs to legally acknowledge the NXT blockchain and the silver tokens that are traded on it.
You'll never be able to completely eliminate trust, and that's a good thing. Why do we always need to turn to the state to 'protect us'?
Oh yeah, because people make stupid decisions and then want to socialize the consequences of those stupid decisions....
limited lifespam.
For those unfamiliar, this is the time it takes for spam to become inedible.
Isn't that the same as either infinity or instantanious (depending of which School of Spam you adhere to)?
limited lifespam.
For those unfamiliar, this is the time it takes for spam to become inedible.
I was thinking more along the lines of a life-dose of spam.
limited lifespam.
For those unfamiliar, this is the time it takes for spam to become inedible.
Wouldn't it be easier to just buy silver rounds/bars, warehouse them and tie the assets to that storage?
Where is the fun?
I guess if pouring 2000deg metal is one guys idea of fun, more power to him.
What is so fun at pool party with barbecuing, beer and live band... when you can melt metal in hot oven... Oh yeaaaah ! !
I think he's planning on making 'NXT' bars eventually...
im not sure if i want to do that or just have a more general brand. but yes i will definitely be getting a stamping machine and some custom stamps at some point. i really need more feedback from the community. there are soo many things that i could do to improve my business. like literally 2 dozen things that i know of already and of course i can only do one at a time so it would be great if i knew what was most important to you guys so i could put that at the top of my list.
some potential upgrades (in the order i think is most important):
buying a tumbler so that bars will come out with a mirror shine
moving into refining
having a custom 10 ounce mold made so i can start pouring 10 ounce bars
getting stamps and a stamping machine
moving into gold
Anon136, I assume the tokens on the AE represent a share in these bars you are showing. The bars are obviously in your possession. So claiming your share would mean that you have to send/ship the physical stuff to that person. We have to trust you for this. So is there a way in which we can eliminate this trust (the crypto world is all about finding trushtless solutions). Even if you are trustworthy then there is the problem of a limited lifespam. What happens if you die (i hope you life long, don't get me wrong).
So i think it would be nice if you could setup a company/organisation/foundation that legaly possesses the silver and would deliver them to anyone who has the tokens. So this company needs to legally acknowledge the NXT blockchain and the silver tokens that are traded on it.
Over 35,000 accounts now.
Can someone tell me if that's clients actually running at the time, or something else? (It seems a little stable for that.)
Can someone tell me if that's clients actually running at the time, or something else? (It seems a little stable for that.)
This represents the number of NXT accounts that EVER had NXT on them.
Thanks.
Presumably a better measure of adoption than for bitcoin. Is there a better one? Is it possible to count active accounts?
Well a way would be to count all accounts with a balance higher than 10 (so that faucet spam doesn't count). Then divide that by the number of accounts the average person has. (1.5 maybe?) then add all the people that only store NXT on exchanges(many I believe). Overall I'd say we are around 3-5k users.
Far fewer than I thought. But all the more impressive for it.
It would be nice to have reliable figures updated regularly. I guess market cap is some kind of proxy.
Over 35,000 accounts now.
Can someone tell me if that's clients actually running at the time, or something else? (It seems a little stable for that.)
Can someone tell me if that's clients actually running at the time, or something else? (It seems a little stable for that.)
This represents the number of NXT accounts that EVER had NXT on them.
Thanks.
Presumably a better measure of adoption than for bitcoin. Is there a better one? Is it possible to count active accounts?
Well a way would be to count all accounts with a balance higher than 10 (so that faucet spam doesn't count). Then divide that by the number of accounts the average person has. (1.5 maybe?) then add all the people that only store NXT on exchanges(many I believe). Overall I'd say we are around 3-5k users.
Over 35,000 accounts now.
Can someone tell me if that's clients actually running at the time, or something else? (It seems a little stable for that.)
Can someone tell me if that's clients actually running at the time, or something else? (It seems a little stable for that.)
This represents the number of NXT accounts that EVER had NXT on them.
Thanks.
Presumably a better measure of adoption than for bitcoin. Is there a better one? Is it possible to count active accounts?
Over 35,000 accounts now.
Can someone tell me if that's clients actually running at the time, or something else? (It seems a little stable for that.)
Can someone tell me if that's clients actually running at the time, or something else? (It seems a little stable for that.)
This represents the number of NXT accounts that EVER had NXT on them.
Over 35,000 accounts now.
Can someone tell me if that's clients actually running at the time, or something else? (It seems a little stable for that.)
Can someone tell me if that's clients actually running at the time, or something else? (It seems a little stable for that.)
Shameless selfpost: Can you guys take a look at my website and give some feedback and test the trollbox?
http://cryptorating.org/
Thank you
http://cryptorating.org/
Thank you
Tried it, liked it.
Good work, Twin!
Shameless selfpost: Can you guys take a look at my website and give some feedback and test the trollbox?
http://cryptorating.org/
Thank you
http://cryptorating.org/
Thank you
I'm trying to get over an issue of PoS coins. If I have 500k coins, why should I distribute any if I'm going to profit by forging?
presumably because there are things that you value more highly than money in the future. i mean you do know that you are going to die someday right?
I don't know, technology might one day have the capacity to make us immortal
I see what you're saying. Eventually, a holder is going to want to spend those coins. Otherwise, they're just watching numbers go up
I'm trying to get over an issue of PoS coins. If I have 500k coins, why should I distribute any if I'm going to profit by forging?
If only 20 people have all the coins, and they are just holding them, then they really aren't worth anything.
Yeah I thought about it like this, but wasn't satisfied with the explanation. Obviously, 20 people are not holding this coin
Right, just do what works for you.
I'm trying to get over an issue of PoS coins. If I have 500k coins, why should I distribute any if I'm going to profit by forging?
presumably because there are things that you value more highly than money in the future. i mean you do know that you are going to die someday right?
I don't know, technology might one day have the capacity to make us immortal
I see what you're saying. Eventually, a holder is going to want to spend those coins. Otherwise, they're just watching numbers go up
I'm trying to get over an issue of PoS coins. If I have 500k coins, why should I distribute any if I'm going to profit by forging?
If only 20 people have all the coins, and they are just holding them, then they really aren't worth anything.
Yeah I thought about it like this, but wasn't satisfied with the explanation. Obviously, 20 people are not holding this coin
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