Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 453. (Read 941260 times)
Actually there was a set of graphs I liked with the concentration of NXT in the top 100, 1000 accounts. It was still fairly concentrated but definitely going in the right direction. I'm guessing the AE will accelerate the redistribution as large holders invest in promising companies instead of waiting for the currency alone to appreciate. Partly, of course, it's just that not many people currently use NXT. My client is saying 34,432 accounts, assuming that means what I think it does. If that went up by an order of magnitude then the price would follow and redistribution would be even more attractive.
wow, I'm not technically inclined but I see the value here. I can't stop looking into Nxt...this wallet is so nice, it's something my parents would use. There's a greater feeling of security with the interface compared to the -qt wallets
tell me your address and ill send you some silver and nxt.
if you still have silver left I would gladly accept :-)
NXT-2V7G-C8BY-KTYY-CAHNU
We should have a doc, if there isn't one already, with a basic history/about NXT that covers these objections incidentally
We have wiki and websites. Everything is in record as everything happened on this forum. People still come up with weird made up theories. Not only IPO was open to everyone (and stayed open for 2 months), there were not even "special" stakes for the developer (BCNext, who was the original founder). The rules were same for everyone.
We should have a doc, if there isn't one already, with a basic history/about NXT that covers these objections incidentally (if you address them head on it's making a big deal about something that shouldn't be a big deal). What it is, how it was started, dev team/community, key differences/advantages from other cryptos, how to get started, etc. A bit like a white paper but pitched at a very accessible level and geared towards getting people to download the client and get started.
People are allowed to disagree, as long as their disagreements are based in reality.
Case in point, we still see people who apparently believe that BCNext got a number (20 is common, lowest I have seen is 3) of his close personal friends or "special people" together in a backroom and then distributed Nxt to them as he saw fit, excluding everyone else. BCNext did this in a day and then tried to sell Nxt on for profit, not giving them access to the same terms as his special people.
We all know this line of arguement is ignorance at best, bare faced FUD at worst.
What actually happened was an ANN thread was started by BCNext inviting anyone to send any amount of BTC, capped at 1 BTC, as a donation. The donations were only a means to limit sock puppets and NXT was divided up in the proportion of your donation. If your donation turned out to be 0.1% of the total you got 1 Million NXT, 5% you got 50 Million NXT.
It was open to everyone on the same terms for 50 days. Around 100 people signed up but when the time came, only 73 people actually came forward to claim their share. No one cared about Nxt, for whatever reason, before it was launched and even after it was and that is why the distribution was the way it was. This is all on public record, transaction hashes and all that can be verified in the Blockchain, and links can be provided for those who don't know where to look
Any hint of a suspicion that there was any element of design in the distribution should be stamped on and the verifiable facts (with links) provided
People are free to disagree, especially with those who don't know the facts 
Case in point, we still see people who apparently believe that BCNext got a number (20 is common, lowest I have seen is 3) of his close personal friends or "special people" together in a backroom and then distributed Nxt to them as he saw fit, excluding everyone else. BCNext did this in a day and then tried to sell Nxt on for profit, not giving them access to the same terms as his special people.
We all know this line of arguement is ignorance at best, bare faced FUD at worst.
What actually happened was an ANN thread was started by BCNext inviting anyone to send any amount of BTC, capped at 1 BTC, as a donation. The donations were only a means to limit sock puppets and NXT was divided up in the proportion of your donation. If your donation turned out to be 0.1% of the total you got 1 Million NXT, 5% you got 50 Million NXT.
It was open to everyone on the same terms for 50 days. Around 100 people signed up but when the time came, only 73 people actually came forward to claim their share. No one cared about Nxt, for whatever reason, before it was launched and even after it was and that is why the distribution was the way it was. This is all on public record, transaction hashes and all that can be verified in the Blockchain, and links can be provided for those who don't know where to look
Any hint of a suspicion that there was any element of design in the distribution should be stamped on and the verifiable facts (with links) provided
People are free to disagree, especially with those who don't know the facts I was not comfortable with it, yet now NXT is a major part of my portfolio. I am not going to just be quiet, to me NXT has a black eye still from the way the initial coins were handed out to "the special people." Those people got rich for nothing. It was unfair and immoral.
What? The IPO happened on this forum. It was open for 2 months. Everyone was free to join.
IPO thread: https://bitcointalksearch.org/topic/ann-nxt-descendant-of-bitcoin-303898
Concrete example: the distribution issue will keep popping up anyway. Because it's there. Some people will never be comfortable with it. That's their right and prerogative.
Some people do feel comfortable with it, like me. It's an issue that cannot be solved by force without destroying what we have.
I was not comfortable with it, yet now NXT is a major part of my portfolio. I am not going to just be quiet, to me NXT has a black eye still from the way the initial coins were handed out to "the special people." Those people got rich for nothing. It was unfair and immoral.
If it was IPO'ed openly and fairly, allowing anyone to buy in over a period of say, 30 days under the same terms for everyone, NXT would be MUCH further along right now as far as adoption and goodwill. NXT really shot itself in the foot with the initial distribution.
The major problem NXT has is marketing.
NXT does a terrible job imho of explaining its benefits and innovations, and desperately needs some "right-brained" talent to evangelize about what this crypto is capable of, and why it matters.
I had to overcome the bad feelings left over from the initial distribution, and wade through a website that desperately needs updating, engineering capability feature lists and explanations that need to be simplified, to finally arrive at the conclusion that NXT is capable of something special, and there is engineering talent here that can accomplish it. I put aside my personal feelings and made the rational choice to make NXT a part of my portfolio.
That is saying a lot, my portfolio is basically:
Bitcoin
Darkcoin
Litecoin
Maidsafe (Safecoin)
NXT
Peercoin
and I will buy some Ether when Ethereum does their IPO.
NXT desperately needs an ELI5 version for people who do not understand how potentially revolutionary this coin might be. NXT desperately needs marketing to go with its great engineering.
JMHO. Please don't call me a troll, I am substantially bullish on NXT, provided they continue to deliver on promises and get someone hired to do marketing and promotion/education for what NXT can do and will do. I have overlooked major ethical issues about the launch that still bother me personally to become a big supporter of this coin.
Sometimes "tough love" is good. This post is from someone who has been "outside looking in" at NXT and may provide a different perspective.
Surrounding yourselves with "yes men" and not listening to constructive criticisms - well that sort of hubris leads to failure or at the least will keep us from reaching full potential.
I like the steps taken to make the client more user friendly, I understand that what NXT is doing is very complex, but the more the functions can be made simple to use, the more this project could become world changing - and I mean it, there is a remote possibility that NXT could become world changing. Wider adoption and simplicity of use along with marketing/education targeting non-NXT users to convert them need to improve.
Thanks for the thought out answer and not just baseless accusations
However, I do want to address this part:
https://bitcointalksearch.org/topic/m.3620732
The thread was started September 27th and IPO closed on November 17th, which is more or less 50 days. It would have ran longer, but I think we can agree that BCNext's timing was impeccable. Can you imagine being 1-2 months behind right now? The crypto-space is moving extremely fast.
As for the "right-brained" stuff, we definitely need that. Perhaps introduce yourself in the NXT forum (if you haven't already) and make some suggestions there. I think there is a thread concerning nxtcommunity.org, so if you have any input on that, definitely comment there as well.
Pandaisftw
Concrete example: the distribution issue will keep popping up anyway. Because it's there. Some people will never be comfortable with it. That's their right and prerogative.
Some people do feel comfortable with it, like me. It's an issue that cannot be solved by force without destroying what we have.
I was not comfortable with it, yet now NXT is a major part of my portfolio. I am not going to just be quiet, to me NXT has a black eye still from the way the initial coins were handed out to "the special people." Those people got rich for nothing. It was unfair and immoral.
If it was IPO'ed openly and fairly, allowing anyone to buy in over a period of say, 30 days under the same terms for everyone, NXT would be MUCH further along right now as far as adoption and goodwill. NXT really shot itself in the foot with the initial distribution.
The major problem NXT has is marketing.
NXT does a terrible job imho of explaining its benefits and innovations, and desperately needs some "right-brained" talent to evangelize about what this crypto is capable of, and why it matters.
I had to overcome the bad feelings left over from the initial distribution, and wade through a website that desperately needs updating, engineering capability feature lists and explanations that need to be simplified, to finally arrive at the conclusion that NXT is capable of something special, and there is engineering talent here that can accomplish it. I put aside my personal feelings and made the rational choice to make NXT a part of my portfolio.
That is saying a lot, my portfolio is basically:
Bitcoin
Darkcoin
Litecoin
Maidsafe (Safecoin)
NXT
Peercoin
and I will buy some Ether when Ethereum does their IPO.
NXT desperately needs an ELI5 version for people who do not understand how potentially revolutionary this coin might be. NXT desperately needs marketing to go with its great engineering.
JMHO. Please don't call me a troll, I am substantially bullish on NXT, provided they continue to deliver on promises and get someone hired to do marketing and promotion/education for what NXT can do and will do. I have overlooked major ethical issues about the launch that still bother me personally to become a big supporter of this coin.
Sometimes "tough love" is good. This post is from someone who has been "outside looking in" at NXT and may provide a different perspective.
Surrounding yourselves with "yes men" and not listening to constructive criticisms - well that sort of hubris leads to failure or at the least will keep us from reaching full potential.
I like the steps taken to make the client more user friendly, I understand that what NXT is doing is very complex, but the more the functions can be made simple to use, the more this project could become world changing - and I mean it, there is a remote possibility that NXT could become world changing. Wider adoption and simplicity of use along with marketing/education targeting non-NXT users to convert them need to improve.
Another basic NXT question here from a new NXT adopter:
All transactions and even balances are transparent on NXT which is quite uncommon. You can keep track of a users whole activity which is a brilliant and fun thing for other users but might be unwished for the account owner. What I'm wondering if, does the community think this is a good thing or "hidden" transactions and account balances should be implemented?
I've read in the forum that there is a anonymity project going on but what would that change exactly regarding transparency?
Sorry if this has been discussed many times before but couldn't find a proper conversation about it.
Thanks in advance!
All transactions and even balances are transparent on NXT which is quite uncommon. You can keep track of a users whole activity which is a brilliant and fun thing for other users but might be unwished for the account owner. What I'm wondering if, does the community think this is a good thing or "hidden" transactions and account balances should be implemented?
I've read in the forum that there is a anonymity project going on but what would that change exactly regarding transparency?
Sorry if this has been discussed many times before but couldn't find a proper conversation about it.
Thanks in advance!
Global Bitcoin Summit 2014 (GBS) in China has been successfully closed,you can found more info here:
https://nxtforum.org/nxt-promotion/global-bitcoin-summit-in-china-beijing-may-10th-to11th/
https://nxtforum.org/nxt-promotion/global-bitcoin-summit-in-china-beijing-may-10th-to11th/
added asset overview : http://nxtexplorer.com/nxt/nxt.cgi?action=70&sort=1
(sortable for name, num. trades etc. and a keyword search for the description)
and a profile view : http://nxtexplorer.com/nxt/nxt.cgi?action=75&aea=13926712251908664867
with open orders for each asset and a simple barchart to blockexplorer.
ps: detailed stats and more data about all assets including full trade history will follow.
great for AE overview. (sortable for name, num. trades etc. and a keyword search for the description)
and a profile view : http://nxtexplorer.com/nxt/nxt.cgi?action=75&aea=13926712251908664867
with open orders for each asset and a simple barchart to blockexplorer.
ps: detailed stats and more data about all assets including full trade history will follow.
wow, I'm not technically inclined but I see the value here. I can't stop looking into Nxt...this wallet is so nice, it's something my parents would use. There's a greater feeling of security with the interface compared to the -qt wallets
tell me your address and ill send you some silver and nxt.
sure, thank you. 16853559438583152720
Very nice work on the client. Its an user friendly interface and i am sure people will love this.
wow, I'm not technically inclined but I see the value here. I can't stop looking into Nxt...this wallet is so nice, it's something my parents would use. There's a greater feeling of security with the interface compared to the -qt wallets
tell me your address and ill send you some silver and nxt.
wow, I'm not technically inclined but I see the value here. I can't stop looking into Nxt...this wallet is so nice, it's something my parents would use. There's a greater feeling of security with the interface compared to the -qt wallets
added asset overview : http://nxtexplorer.com/nxt/nxt.cgi?action=70&sort=1
(sortable for name, num. trades etc. and a keyword search for the description)
and a profile view : http://nxtexplorer.com/nxt/nxt.cgi?action=75&aea=13926712251908664867
with open orders for each asset and a simple barchart to blockexplorer.
(sortable for name, num. trades etc. and a keyword search for the description)
and a profile view : http://nxtexplorer.com/nxt/nxt.cgi?action=75&aea=13926712251908664867
with open orders for each asset and a simple barchart to blockexplorer.
also the decimal point is off.
http://nxtexplorer.com/nxt/nxt.cgi?action=77&aea=7819056276221630295&name=silver
what do you mean with off?
that is the real BID/ASK of the assets: http://i.imgur.com/pjTcXFy.png
yes, i see. thx TwinWinNerD.
Guys, people are allowed to disagree, you know.
They even may have valid reasons.
Jumping on people who criticise and calling them idiots, FUDsters and haters is counterproductive.
It wastes energy if they are just uninformed: inform them.
It may lose us a chance to fix something when they are right.
When they are trolls: why bother? They will never change their mind, as they just want to pull your plonker.
Being overly sensitive also implies that there is something to be sensitive about.
Let's not turn this thread into a fighting thread. Disagreements are normal.
Concrete example: the distribution issue will keep popping up anyway. Because it's there. Some people will never be comfortable with it. That's their right and prerogative.
Some people do feel comfortable with it, like me. It's an issue that cannot be solved by force without destroying what we have.
They even may have valid reasons.
Jumping on people who criticise and calling them idiots, FUDsters and haters is counterproductive.
It wastes energy if they are just uninformed: inform them.
It may lose us a chance to fix something when they are right.
When they are trolls: why bother? They will never change their mind, as they just want to pull your plonker.
Being overly sensitive also implies that there is something to be sensitive about.
Let's not turn this thread into a fighting thread. Disagreements are normal.
Concrete example: the distribution issue will keep popping up anyway. Because it's there. Some people will never be comfortable with it. That's their right and prerogative.
Some people do feel comfortable with it, like me. It's an issue that cannot be solved by force without destroying what we have.
Good point. I agree.
added asset overview : http://nxtexplorer.com/nxt/nxt.cgi?action=70&sort=1
(sortable for name, num. trades etc. and a keyword search for the description)
and a profile view : http://nxtexplorer.com/nxt/nxt.cgi?action=75&aea=13926712251908664867
with open orders for each asset and a simple barchart to blockexplorer.
(sortable for name, num. trades etc. and a keyword search for the description)
and a profile view : http://nxtexplorer.com/nxt/nxt.cgi?action=75&aea=13926712251908664867
with open orders for each asset and a simple barchart to blockexplorer.
also the decimal point is off.
http://nxtexplorer.com/nxt/nxt.cgi?action=77&aea=7819056276221630295&name=silver
what do you mean with off?
that is the real BID/ASK of the assets: http://i.imgur.com/pjTcXFy.png
added asset overview : http://nxtexplorer.com/nxt/nxt.cgi?action=70&sort=1
(sortable for name, num. trades etc. and a keyword search for the description)
and a profile view : http://nxtexplorer.com/nxt/nxt.cgi?action=75&aea=13926712251908664867
with open orders for each asset and a simple barchart to blockexplorer.
(sortable for name, num. trades etc. and a keyword search for the description)
and a profile view : http://nxtexplorer.com/nxt/nxt.cgi?action=75&aea=13926712251908664867
with open orders for each asset and a simple barchart to blockexplorer.
also the decimal point is off.
http://nxtexplorer.com/nxt/nxt.cgi?action=77&aea=7819056276221630295&name=silver
what do you mean with off?
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