NXT :: descendant of Bitcoin - Updated Information - page 1575.

msin

legendary

Activity: 1470

Merit: 1004

Quote from: joefox on January 17, 2014, 09:40:45 PM

Quote from: ImmortAlex on January 17, 2014, 09:05:38 PM

Okey, take a look from the other side: it will be greatest anti-PR.
Just imagine: instead of writting code for multisig, devs just create code hacks to emulate multisig. Ugly code hacks.
"Hey, they premied 1 billion coin in code, now they spend coins in code, next time they block your coins in code! Greatest scam in history!!! Do Jean-Luc piss by BCNext's command? Shocked

" (Sorry, Jean-Luc, it is joke

)

This, this, this. I can't believe the hypocrisy of insisting that the community should implement multisig, followed by a ludicrous proposal to FAKE multisig for the sake of coin distribution.

BCNext should eat his own dog food. If he wants to distribute coins this way, he should prioritize the implementation of a Nxt feature that supports its implementation for EVERYONE.

I can accept the anarchic, inconsistent, and schizophrenic method by which bounties and rewards are being distributed, but this implementation of a distribution mechanism is the worst I've heard.

Again: I think the IDEA is great. The specific method of IMPLEMENTATION is stupid. Really stupid.

Frankly, I think the whole idea is just a test, and the fact that so many people are ready to +1 it just because the idea (allegedly) came from BCNext is, IMHO, proof of failure.

I don't mean to malign Nxters. I listened to a Bitcoin podcast today that illustrated that most a Bitcoin adopters are far more ignorant than the average Nxt adopter. But we can do better.

I disagree, BCNext is choosing 10 trusted members of the community to distribute the coins accordingly. In essence he is creating what everyone here has been screaming for, a Nxt foundation. For JLC, he can program 10 new locked accounts as a safeguard, probably a new Nxt feature that will require a different pass code to send. You are right, probably a test of a new feature.

ImmortAlex

hero member

Activity: 784

Merit: 501

Quote from: Rassah on January 17, 2014, 10:07:21 PM

Is this one of those examples of how a coin's value depends on the developers backing it, and not on features it promises?

Promised features are nothing without developers. Developers are nothing without customers.
IMHO, right now Nxt community do much more job than developers. At least in promotion. It's not because devs are lazy, it's because community is large.

ImmortAlex

hero member

Activity: 784

Merit: 501

Quote from: joefox on January 17, 2014, 09:40:45 PM

Frankly, I think the whole idea is just a test, and the fact that so many people are ready to +1 it just because the idea (allegedly) came from BCNext is, IMHO, proof of failure.

I have same feelings. But I can't tell that it was failure. Just compare bunch of happy "+1" posts just after original C-f-B message and more or less argumented posts (both sides) after.

Quote from: utopianfuture on January 17, 2014, 09:48:26 PM

If BCNext has some problems of holding the fund until we have voting and multi-signs in place, the most logical way is to just send them back to the genesis. It certainly not the most popular idea https://bitcointalksearch.org/topic/decisions-on-9-million-common-fund-418695 ; but as I said it is actually the most logical solution, imho.

Yes, it is

Quote from: joefox on January 17, 2014, 09:40:45 PM

anarchic, inconsistent, and schizophrenic

but looks much more logical in light of decentralization.

Rassah

legendary

Activity: 1680

Merit: 1035

Is this one of those examples of how a coin's value depends on the developers backing it, and not on features it promises?

loopgate88

full member

Activity: 140

Merit: 100

Quote from: salsacz on January 17, 2014, 08:31:26 PM

so I was thinkinkg..:

- we don't have a nice client
- we don't have nice exchanges
- we don't have full source code
- we don't have all functions

What does it mean?

We - all 15.000 Nxt users are pre-beta ORIGINAL STAKEHOLDERS

The Distribution of NXT is extremely fair - now it is 50 days when we are still in alfa version like in some IPO.

We haven't launched yet. We can forget about some 73 stakeholders... Now everyone has an opportunity to jump on the train... and also to drive him!

This is true.

So many want something for nothing. Complaining about the price and fairness of initial distribution? This asks for a Big Lebowski quote.

"Your revolution is over, Mr. Lebowski. Condolences. The bums lost. My advice is to do what your parents did; get a job, sir. The bums will always lose."

"The bums will always lose."

utopianfuture

sr. member

Activity: 602

Merit: 268

Internet of Value

Quote from: joefox on January 17, 2014, 09:40:45 PM

Quote from: ImmortAlex on January 17, 2014, 09:05:38 PM

Okey, take a look from the other side: it will be greatest anti-PR.
Just imagine: instead of writting code for multisig, devs just create code hacks to emulate multisig. Ugly code hacks.
"Hey, they premied 1 billion coin in code, now they spend coins in code, next time they block your coins in code! Greatest scam in history!!! Do Jean-Luc piss by BCNext's command? Shocked

" (Sorry, Jean-Luc, it is joke

)

This, this, this. I can't believe the hypocrisy of insisting that the community should implement multisig, followed by a ludicrous proposal to FAKE multisig for the sake of coin distribution.

BCNext should eat his own dog food. If he wants to distribute coins this way, he should prioritize the implementation of a Nxt feature that supports its implementation for EVERYONE.

I can accept the anarchic, inconsistent, and schizophrenic method by which bounties and rewards are being distributed, but this implementation of a distribution mechanism is the worst I've heard.

Again: I think the IDEA is great. The specific method of IMPLEMENTATION is stupid. Really stupid.

Frankly, I think the whole idea is just a test, and the fact that so many people are ready to +1 it just because the idea (allegedly) came from BCNext is, IMHO, proof of failure.

I don't mean to malign Nxters. I listened to a Bitcoin podcast today that illustrated that most a Bitcoin adopters are far more ignorant than the average Nxt adopter. But we can do better.

If BCNext has some problems of holding the fund until we have voting and multi-signs in place, the most logical way is to just send them back to the genesis. It certainly not the most popular idea https://bitcointalksearch.org/topic/decisions-on-9-million-common-fund-418695 ; but as I said it is actually the most logical solution, imho.

joefox

full member

Activity: 210

Merit: 100

Quote from: ImmortAlex on January 17, 2014, 09:05:38 PM

Okey, take a look from the other side: it will be greatest anti-PR.
Just imagine: instead of writting code for multisig, devs just create code hacks to emulate multisig. Ugly code hacks.
"Hey, they premied 1 billion coin in code, now they spend coins in code, next time they block your coins in code! Greatest scam in history!!! Do Jean-Luc piss by BCNext's command? Shocked

" (Sorry, Jean-Luc, it is joke

)

This, this, this. I can't believe the hypocrisy of insisting that the community should implement multisig, followed by a ludicrous proposal to FAKE multisig for the sake of coin distribution.

BCNext should eat his own dog food. If he wants to distribute coins this way, he should prioritize the implementation of a Nxt feature that supports its implementation for EVERYONE.

I can accept the anarchic, inconsistent, and schizophrenic method by which bounties and rewards are being distributed, but this implementation of a distribution mechanism is the worst I've heard.

Again: I think the IDEA is great. The specific method of IMPLEMENTATION is stupid. Really stupid.

Frankly, I think the whole idea is just a test, and the fact that so many people are ready to +1 it just because the idea (allegedly) came from BCNext is, IMHO, proof of failure.

I don't mean to malign Nxters. I listened to a Bitcoin podcast today that illustrated that most Bitcoin adopters are far more ignorant than the average Nxt adopter. But we can do better.

keccak512

full member

Activity: 210

Merit: 100

NXT is an innovative crypto-currency and there are some clever, powerful ideas behind it.

It's too bad the code base isn't a little stronger, but this will improve over time.

Well done.

pandaisftw

full member

Activity: 224

Merit: 100

Quote from: Anon136 on January 17, 2014, 08:53:09 PM

Quote from: ImmortAlex on January 17, 2014, 08:47:11 PM

Quote from: Come-from-Beyond on January 17, 2014, 12:35:24 PM

Important announcement
...
BCNext will choose 10 people. I'll contact these people privately to ask for an account id. Each of them will create a special account and send it to me. 1M NXT will be sent to each account (10M total, not 9M, so the community is supposed to subsidize the public nodes by itself). Jean-Luc will be asked to add a special code that blocks outgoing transactions from these special accounts. When the community decides how to spend part of the unclaimed coins, Jean-Luc will change the code to allow partial withdrawals possible. 10 chosen ones will send 1/10th of the required amount to the account the funds r supposed to go to.

-1
It smells like... "One ring to rule them all" Sad

Very bad idea to rule accounts and coins through code changing.

Its better than bcnext having control over all of the coins himself. Besides its only ~10million anyway. Thats only 1% of the total currency supply. Ideally the donors would have just claimed their coins, this is just a countermeasure to help deal with that problem. Not perfect sure but not bad either.

Although, I'd say having BCNext and c-f-b have control for the time being is sufficient, because if either of them disappear, NXT will have larger problems than distributing bounties.

When multisig is implemented, the coins can be transferred to a new account protected by multisig. Multisig only requires a majority, so unlike the method proposed, someone can't just hold 1mil NXT hostage.

dzarmush

legendary

Activity: 1806

Merit: 1001

Quote from: salsacz on January 17, 2014, 08:31:26 PM

so I was thinkinkg..:

- we don't have a nice client
- we don't have nice exchanges
- we don't have full source code
- we don't have all functions

What does it mean?

We - all 15.000 Nxt users are pre-beta ORIGINAL STAKEHOLDERS

The Distribution of NXT is extremely fair - now it is 50 days when we are still in alfa version like in some IPO.

We haven't launched yet. We can forget about some 73 stakeholders... Now everyone has an opportunity to jump on the train... and also to drive him!

Well said, got it bookmarked.

ImmortAlex

hero member

Activity: 784

Merit: 501

Quote from: Anon136 on January 17, 2014, 08:53:09 PM

Quote from: ImmortAlex on January 17, 2014, 08:47:11 PM

Quote from: Come-from-Beyond on January 17, 2014, 12:35:24 PM

Important announcement
...
BCNext will choose 10 people. I'll contact these people privately to ask for an account id. Each of them will create a special account and send it to me. 1M NXT will be sent to each account (10M total, not 9M, so the community is supposed to subsidize the public nodes by itself). Jean-Luc will be asked to add a special code that blocks outgoing transactions from these special accounts. When the community decides how to spend part of the unclaimed coins, Jean-Luc will change the code to allow partial withdrawals possible. 10 chosen ones will send 1/10th of the required amount to the account the funds r supposed to go to.

-1
It smells like... "One ring to rule them all" Sad

Very bad idea to rule accounts and coins through code changing.

Its better than bcnext having control over all of the coins himself. Besides its only ~10million anyway. Thats only 1% of the total currency supply. Ideally the donors would have just claimed their coins, this is just a countermeasure to help deal with that problem. Not perfect sure but not bad either.

Okey, take a look from the other side: it will be greatest anti-PR.
Just imagine: instead of writting code for multisig, devs just create code hacks to emulate multisig. Ugly code hacks.
"Hey, they premied 1 billion coin in code, now they spend coins in code, next time they block your coins in code! Greatest scam in history!!! Do Jean-Luc piss by BCNext's command? Shocked

" (Sorry, Jean-Luc, it is joke

)

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: ImmortAlex on January 17, 2014, 08:47:11 PM

Quote from: Come-from-Beyond on January 17, 2014, 12:35:24 PM

Important announcement
...
BCNext will choose 10 people. I'll contact these people privately to ask for an account id. Each of them will create a special account and send it to me. 1M NXT will be sent to each account (10M total, not 9M, so the community is supposed to subsidize the public nodes by itself). Jean-Luc will be asked to add a special code that blocks outgoing transactions from these special accounts. When the community decides how to spend part of the unclaimed coins, Jean-Luc will change the code to allow partial withdrawals possible. 10 chosen ones will send 1/10th of the required amount to the account the funds r supposed to go to.

-1
It smells like... "One ring to rule them all" Sad

Very bad idea to rule accounts and coins through code changing.

Its better than bcnext having control over all of the coins himself. Besides its only ~10million anyway. Thats only 1% of the total currency supply. Ideally the donors would have just claimed their coins, this is just a countermeasure to help deal with that problem. Not perfect sure but not bad either.

BitcoinForumator

legendary

Activity: 1120

Merit: 1000

Quote from: BitAddict on January 17, 2014, 08:40:36 PM

Quote from: salsacz on January 17, 2014, 08:31:26 PM

so I was thinkinkg..:

- we don't have a nice client
- we don't have nice exchanges
- we don't have full source code
- we don't have all functions

What does it mean?

We - all 15.000 Nxt users are pre-beta ORIGINAL STAKEHOLDERS

The Distribution of Nxt is extremely fair - now it is 50 days when we are still in alfa version like in some IPO.

We haven't launched yet. We can forget about some 73 stakeholders... Now everyone has an opportunity to jump on the train... and also to drive him!

Epics words! No one could speak better

NXT is going to be huge Grin

True. I'm only afraid that some other TGV, maglev, anti-gravity train might come and outpace our steamer.

ImmortAlex

hero member

Activity: 784

Merit: 501

Quote from: Come-from-Beyond on January 17, 2014, 12:35:24 PM

Important announcement
...
BCNext will choose 10 people. I'll contact these people privately to ask for an account id. Each of them will create a special account and send it to me. 1M NXT will be sent to each account (10M total, not 9M, so the community is supposed to subsidize the public nodes by itself). Jean-Luc will be asked to add a special code that blocks outgoing transactions from these special accounts. When the community decides how to spend part of the unclaimed coins, Jean-Luc will change the code to allow partial withdrawals possible. 10 chosen ones will send 1/10th of the required amount to the account the funds r supposed to go to.

-1
It smells like... "One ring to rule them all" Sad

Very bad idea to rule accounts and coins through code changing.

BitAddict

legendary

Activity: 1190

Merit: 1001

Quote from: salsacz on January 17, 2014, 08:31:26 PM

so I was thinkinkg..:

- we don't have a nice client
- we don't have nice exchanges
- we don't have full source code
- we don't have all functions

What does it mean?

We - all 15.000 Nxt users are pre-beta ORIGINAL STAKEHOLDERS

The Distribution of Nxt is extremely fair - now it is 50 days when we are still in alfa version like in some IPO.

We haven't launched yet. We can forget about some 73 stakeholders... Now everyone has an opportunity to jump on the train... and also to drive him!

Epics words! No one could speak better

NXT is going to be huge Grin

btc2nxt

full member

Activity: 236

Merit: 100

Quote from: salsacz on January 17, 2014, 08:31:26 PM

so I was thinkinkg..:

- we don't have a nice client
- we don't have nice exchanges
- we don't have full source code
- we don't have all functions

What does it mean?

We - all 15.000 Nxt users are pre-beta ORIGINAL STAKEHOLDERS

The Distribution of Nxt is extremely fair - now it is 50 days when we are still in alfa version like in some IPO.

We haven't launched yet. We can forget about some 73 stakeholders... Now everyone has an opportunity to jump on the train... and also to drive him!

+1

salsacz

hero member

Activity: 490

Merit: 504

so I was thinkinkg..:

- we don't have a nice client
- we don't have nice exchanges
- we don't have full source code
- we don't have all functions

What does it mean?

We - all 15.000 Nxt users are pre-beta ORIGINAL STAKEHOLDERS

The Distribution of NXT is extremely fair - now it is 50 days when we are still in alfa version like in some IPO.

We haven't launched yet. We can forget about some 73 stakeholders... Now everyone has an opportunity to jump on the train... and also to drive him!

allwelder

legendary

Activity: 1512

Merit: 1004

Quote from: msin on January 17, 2014, 07:06:01 PM

Quote from: bizz on January 17, 2014, 06:58:56 PM

Quote from: msin on January 17, 2014, 06:17:09 PM

People selling Nxt aren't going to be able to stomach the long term. I remember seeing BTC fall from $31 to $2 in 2011. It stayed around $2-$5 for so long. I look at Nxt as a long term investment. I'm not looking for any kind of return and I certainly wouldn't measure that in $'s. Was your friend looking for a quick return to buy something? Regardless, you made a very smart decision.

There are only 2 long term investments in my crypto portfolio. BTC and NXT. I can't see anything else worth waiting.

Nxt is the first alt I've ever purchased. I never even considered LTC or anything other than BTC....until now.

may be we can buy QubicCoin from CFB . Cheesy

DeadlyEskimo

full member

Activity: 179

Merit: 100

Haha ya i'm aware I am a member at the other forums! Like Damelon said I think it would be benificial to see support in as many places as possible, thats all. Just mentioning it and wanted to be open thats why I wrote the disclosure

BitAddict

legendary

Activity: 1190

Merit: 1001

Quote from: msin on January 17, 2014, 07:06:01 PM

Quote from: bizz on January 17, 2014, 06:58:56 PM

Quote from: msin on January 17, 2014, 06:17:09 PM

People selling Nxt aren't going to be able to stomach the long term. I remember seeing BTC fall from $31 to $2 in 2011. It stayed around $2-$5 for so long. I look at Nxt as a long term investment. I'm not looking for any kind of return and I certainly wouldn't measure that in $'s. Was your friend looking for a quick return to buy something? Regardless, you made a very smart decision.

There are only 2 long term investments in my crypto portfolio. BTC and NXT. I can't see anything else worth waiting.

Nxt is the first alt I've ever purchased. I never even considered LTC or anything other than BTC....until now.

+1 Exactly the same here.

Topic: NXT :: descendant of Bitcoin - Updated Information - page 1575. (Read 2761647 times)