Topic: NXT :: descendant of Bitcoin - Updated Information - page 1413. (Read 2761645 times)

Got it. hours, days<"soon"

Wow, agreed, really good looking !

in this video he says that he is a cryptographer .. http://www.youtube.com/watch?v=GDLXPpooA18
also check in how many crypto projects he s involved

I thought we found someone...
Count me in for another 5 - so we have 20 BTC...

I know that 3rd part will be published in April. 1st part was published on 9th of Dec. I think BCNext will publish the 2nd part somewhere in between, it doesn't make much sense to publish 2nd part after the 3rd one. At least for me, not sure about BCNext.

What's crazy are people thinking a computer file whose name has the phrase "coin" in it is worth roughly the same as a physical one ounce gold coin.  

Both are just symbols for a tradable item that only has the value people assign them.  And psychologically people will always assign a gold "coin" to have more value than any "XYZ" crypto-coin.  A gold coin will still be spendable in the apocalypse after the electricity goes off.

Assigning a high value to gold is as old as human civilization - and a very crazy idea in itself.  You dig it out of a one hole in the ground (a mine) only to put it right back into a second hole in the ground (a vault), only this hole has guys with guns around it and people who claim to "own" little parts of what's inside the second hole.

Is Snowden perhaps more "Crypto" than Wang Xiaoyun?

CFB, could you please disclose measuring unit for "soon"? it can be approx. hours, days, weeks, months, years

I will add 5 BTC to the bounty provided we get someone who is qualified and respected (someone quote this post to make sure it is on the record).

We want someone with crypto cred more than someone with a media personality.

So now we have 15 BTC to pay for this - anyone else want to chip in?

sorry, but these are, well, rather crazy assumptions. in a transaction you transfer some value and if you do this by typing 0.0004 or by typing 40000 is the same.
there might be a minor psychological effect, that a few people would prefer to buy 1 BTC worth 100$ rather than buy 0.1 BTC worth 100$.    

He IS NOT cryptographer.

We need someone, who is known and possibly respectable in crypto world.
(possibly someone who is known on IACR conferences: http://www.iacr.org/conferences/)

Some folks suggested DJB or Wang Xiaoyun, but I doubt they'd do it for 10btc. Also doubt that Josef Pieprzyk would go for it?

"They'll know soon"

They'll know soon.

I will really enjoy watching the NXT community voting on how to implement parts 2 and 3 of a plan they know nothing about.  That is going to be quite a spectacular show.

Good luck on your future projects, CfB.

I actually think that having 80 times the coin supply of BTC is one of the reasons NXT will succeed.  

Bitcoin is effectively in competition with gold as a non-fiat store of value.  The price of gold defines the upper limit of what Bitcoin can hit, and that's currently around $1200 per coin/ounce.  Bitcoin won't go above that price because if people have $1200, they would rather trade it for a one ounce gold coin they can hold in their hand and not a computer file.

There's around 20,000 metric tons of privately held bullion gold that is traded to set the gold price.  In round numbers, that's worth around 1000 billion dollars.  So with its market cap of 12 billion dollars, the total value of Bitcoin is currently just over 1% of the total value of bullion gold.

If a Bitcoin is worth the same as a one ounce gold coin, and there are 100 tradable bullion gold coins in the world for every Bitcoin, then you could argue that there is room for 99 other cryptocoins that would also be worth the same as the unmatched 99 gold coins that will never be matched by Bitcoin with its finite supply.  

I think the current volume of NXT coins could and ultimately will provide that match at 1 NXT = 1 BTC = 1 gold coin.  The number of BTC and NXT coins together roughly match the available number of tradable one-ounce gold coins.

And this could happen a lot faster than four years.  Bitcoin has blazed the trail to put cryptocoins in the public mindset.  NXT doesn't need to spend years introducing the concept of cryptocoins to people who have no clue what those are.  Instead, there is a large market for NXT right now at its introduction.

I wouldn't say amazing, just logical evolution of Transparent Forging. They's go into effect then the community implements them. I'm leaving coz I have other things to do.

Bitcoin Conference Amsterdam 18-20 March 2014.

Guys (and gals/others):

Finally got a reply from the organiser of the above conference.
I need feedback on whether we should attend, and, if so,  some definite commitments from people to help out.
Go to:

https://nextcoin.org/index.php/topic,2277.msg32765.html#msg32765

for the full reply and any feedback u can give.

Ta very much, going AFK for an hour or 3, sorry.

Basic questions

Could someone please explain to me how NRS determines the following:

1) Active vs. Known peers (why are some peers "Active" and some just "known"? How is this determined?)
2) Active Connected vs. Active Disconnected (what does "Disconnected" mean? Disconnected from the Nxt network? How is this determined?)

Background to the questions: if you go to https://node2.mynxt.info:7875/ you can't see node1.mynxt.info in the active list. It should be there though because node1.mynxt.info is hallmarked and is online (as you can check by going to https://node1.mynxt.info:7875/). Furthermore, the IP of node1.mynxt.info is in the "well-known" list in node2.mynxt.info web.xml. So why is it not there?