Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 466. (Read 941425 times)

Yes, they get a greater amount of the nxt fees.

But they overall supply of NXT will stay the same, as every nxt will come from a fee someone has to pay

So those people with 40-50 million coins, they don't forge more?

no the total NXT in circulation does not increase.  The money supply is constant.

-bm

I have been reading about this coin and it's very complicated "system" and horribly complex wallet -that, for me, serves no purpose since I have tried to sent some coins to it but I can't from Cryptsy-. And I have found only one very, very big, huge in fact, problem: If I have understood it correctly, this coin came out on an IPO in which people were offered to buy batches of 50 million coins each for 1 BTC. The total coins was -is- 1 billion. That means that only 20 people got one of those batches. And being the skeptical individual that I am, I have to imagine that at least a few of those batches belong or are controlled by the dev team.

Now -and again I would love clarification if I am wrong-, that poses a huge problem of what this coin is precisely supposed to be, the most decentralized of coins, for only 20 people -and I assume many of them would have cashed a lot of those millions already, but many more continue adding coins by forging massive amounts- really control not just the bulk but almost the totality of the coins. Yes they need to sell and they have and are and will forever, but that in itself is not a good thing at all. Plus how that situation can be turned into "a 51% attack will be impossible"? only 10 of those people could easily carry out one...

Thanks in advance for clarifying any of the above if I got it wrong.

There are at least 2 or 3 forging pools now under development - you 'lease' your balance to the pool, the pool forges and you can get the earnings from the pool operator...

This is a bit like pooled mining vs solo mining, pooled forging will give you some return more frequently, solo forging will give you a return much less often...

Always better to pool unless you have a large stake, just like with PoW you only solo mine if you have terra hashes of mining power.

Look on NXTforum - join one of the pools, great thing is you don't even have to be online once you have set the lease, the account you have leased the NXT to forges on a single computer somewhere....

tbh 1000 NXT is not going to get you much..

Awesome work ! ! !

There will be a BTC and NAS crypto-gateway. The way it works is, you can deposit coins into the escrowed addresses and will receive tokens on the blockchain. You can do whatever you want with those tokens. You can redeem those tokens anytime you want for real coins.

More details can be found here:
https://nxtforum.org/assets-board/%28ann%29-crypto-gateway-gateway-for-btc-nas-escrowcoldstorage-twinwinnerd/

https://nxtforum.org/nxt-promotion/new-ae-promo-video-by-d13id/msg20634/


Moon.

Nice .

You know, the thing that almost everyone forgets: how much would you mine when you buy $30 worth of mining kit? My estimate: $0 per day/week/month. Perhaps the odd crapcoin, but than you also have to take your electricity in account.

You can lease your coins and that way you can still earn a little something.

The official P/E ratings will be available soon with some background on the computation.  There are some complex considerations.  There is not a strictly linear relationship between asset holdings and returns.

-bm

That is with a forging pool or big Holdings. The forged blocks with next pos are not proportional distributed. So a 1000 nxt forging will receive less than average

LOL that's better than some American Savings Accounts.

https://www.bankofamerica.com/deposits/bank-account-interest-rates.go

-bm

Jl777 calculated 0.38% per annum currently.

good stuff!

New AE promo vid:

https://www.youtube.com/watch?v=0ZtFYEeHk8o&feature=youtu.be
http://vimeo.com/95142616

Distribute as widely as you can!

https://nxtforum.org/nxt-promotion/new-ae-promo-video-by-d13id/

how much return does BTC yield?  does anyone know?  pls post it here.

note: appreciation != yield.

-bm

Do not worry. His estimates are not accurate.

Thanks, I wasn't posting this in the right section. Will do from now on

Ouch!

I'm a total pos newbie but I was expecting something like 0.1% annual interest or so.
This seems something totally different compared to pos coins