Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 528. (Read 941285 times)

nxtQuant is good.

This is the name given to 0.00000001 NXT (or 10^-8 in mathematical shorthand) in the Nxt code and abbreviated to NQT. nxtQuants are equivalent to satoshis in Bitcoin and allows NXTs to be highly divisible, making them tradable with coins that have values many decimal places higher or lower than Nxt. nxtQuant is currently a temporary name.

http://wiki.nxtcrypto.org/wiki/Glossary

 

yes im sorry lophie but adding the decimals will enable nxts price to rise. we can now use a lower fee and allow nxt to climb. the guys who have lotsnof nxt will not have more nxt but they will be able send more transactions. everyones balances will effectivley still be the same they just have cheaper fees and more valuble nxt
 

0.01NXT as proposed in the original code? Something that doesnt need a hard fork because of PROTOCOL CHANGE!

@lophie : do you have a solution for the transaction fees. 1 NXT is too much for the development of the Nxt platform.

And BCNext wasn't against that : https://bitcointalksearch.org/topic/m.3331297

I don't understand your angry post. It's not a new idea.

hehe, assuming I am out of nxt gave me giggles.
 
Really if you ever argued with me you would know that I only care about the arguement I am not a FUD guy.

I see a 10 BTC buy order on BTER. Hmmm...

Start with a couple of questions that I asked myself in 2010, Why would a satoshi worth anything to begin with? How does the bitcoin protocol ensure the money supply? What does it mean if that changed (Generation rate of money supply,  amount of tokens in the system, etc). If someone would suggest that this can be added to bitcoin I would argue that it is not the same because the paradigm of token distribution is VERY different.

If you check his posting history, he has been selling millions of nxt for a while (he was original stakeholder).l  Obviously he doesn't have any more nxt left to sell.

What he said was total nonsense.

does it mean you sold your whole nxtstake? how much did you had??!?

Fractional nxt is dilution? What nonsense.  It's not going to do anything to the price, either up or down.  It's not "dilution."  It allows us to have lower transaction fees (absolutely essential) if 1 nxt price becomes too high.

This was absolutely essential change and should have happened long time ago.

I am trying to understand what Lophie've just said. And It is not an easy task....

They are just adding decimal places. What is wrong with that?

For every single reason that makes me believe in bitcoin, now is making me tell you all. NXT is a JOKE. You had something good and took it too far, you broke it.

BCNxt is a genius of approached a problem very nicely (mining in a 100% proof of stake). The initial spread of the NXT was not the best (I have better suggestions to post later) but it is still accepted. Maybe you all forgot suddenly but bitcoin is making money out of thin air and this is why everyone is losing their minds about it all over the globe. It got attraction because for the people who understands the economics involving bitcoin find it very sound.

Good luck going anywhere toward a main stream crypto when you increase the money supply by 10^6 at a certain block, forcing all users to adopt the chain by unifying the client from one source and giving existing owners of 100% of the supply 10^6 more tokens in the system in a flash? You really expect the price to "increase" and "to the moon"? Get real!

What do you provide? asset exchange and other features? the source is open and actually a smaller well connected forked network will perform better for the asset exchange NXT is offering.

Congrats guys, Block 132,000 is the death of nxt as a crypto "currency". Maybe it will survive as something else but it definitely dead in my eyes as a decenteralized crypto currency. Even NovaCoin suffered less than what NXT would, very soon.........

suggestion? reboot the network, new genesis; or stop the delution before it hits.

I don't think so. Unit tests are written in some kind of assembly code. I doubt many people can help here.


 

Why are you saying this Lophie? Or even this?:



What "dilution" are you talking about? What have just happened to change your mind???

http://www.youtube.com/watch?v=_9JAK4TAUvE

Delution of the money supply.................... I loved nxt till now........ how are we still tolerating this BS???

I believe he needs coders to write unit tests (java coders).

At this point he needs proper dev testers.  It's a fairly technical project and there is no UI for the layman to test (like AE).  

The science of cryptocurrencies >>>> 'NXT'