NXT :: descendant of Bitcoin - Updated Information - page 1631.

vintagetrex

sr. member

Activity: 490

Merit: 250

Quote from: vintagetrex on January 16, 2014, 01:24:12 AM

Quote from: LiQio on January 16, 2014, 01:21:51 AM

Quote from: vintagetrex on January 16, 2014, 01:16:57 AM

What happened to the original 21 BTC? Were they permanently removed from circulation? If so, how did the original donors feel about giving $210 to the Winklvii? Considering they own 1% of all bitcoin and the permanent removal of BTC means their BTC holdings went up in value proportionately

What BCNext did with the 21 BTC? Ask him Wink

(Probably paid some developers, drank a beer, ...)
Why should they have been removed - NXT is not something sitting on top of the BTC blockchain - NXT is from scratch new stuff

oh ok thats good to know. I thought maybe y'all gathered a bunch of tulips and your cash then said "ok everyone burn it all" then had everyone burn up their cash and said "ARISE TULIP BULBS, MASTER OF CURRENCY"

ok that was a troll. the question about the data storage is legitimate tho

vintagetrex

sr. member

Activity: 490

Merit: 250

Quote from: LiQio on January 16, 2014, 01:21:51 AM

Quote from: vintagetrex on January 16, 2014, 01:16:57 AM

What happened to the original 21 BTC? Were they permanently removed from circulation? If so, how did the original donors feel about giving $210 to the Winklvii? Considering they own 1% of all bitcoin and the permanent removal of BTC means their BTC holdings went up in value proportionately

What BCNext did with the 21 BTC? Ask him Wink

(Probably paid some developers, drank a beer, ...)
Why should they have been removed - NXT is not something sitting on top of the BTC blockchain - NXT is from scratch new stuff

oh ok thats good to know. I thought maybe y'all gathered a bunch of tulips and your cash then said "ok everyone burn it all" then had everyone burn up their cash and said "ARISE TULIP BULBS, MASTER OF CURRENCY"

msin

legendary

Activity: 1470

Merit: 1004

Quote from: vintagetrex on January 16, 2014, 01:20:14 AM

Quote from: msin on January 16, 2014, 01:19:02 AM

Quote from: vintagetrex on January 16, 2014, 01:16:57 AM

What happened to the original 21 BTC? Were they permanently removed from circulation? If so, how did the original donors feel about giving $210 to the Winklvii? Considering they own 1% of all bitcoin and the permanent removal of BTC means their BTC holdings went up in value proportionately

Is there a point to your stupid ramblings?

Ya, I'm about to dump my life savings into Nxt and I want to make sure its legit first by asking all the questions possible.

By asking about the Winkle twins? Don't dump your life savings into any crypto coin.

LiQio

legendary

Activity: 1181

Merit: 1002

Quote from: vintagetrex on January 16, 2014, 01:16:57 AM

What happened to the original 21 BTC? Were they permanently removed from circulation? If so, how did the original donors feel about giving $210 to the Winklvii? Considering they own 1% of all bitcoin and the permanent removal of BTC means their BTC holdings went up in value proportionately

What BCNext did with the 21 BTC? Ask him Wink

(Probably paid some developers, drank a beer, ...)
Why should they have been removed - NXT is not something sitting on top of the BTC blockchain - NXT is from scratch new stuff

vintagetrex

sr. member

Activity: 490

Merit: 250

can anyone answer questions about the data storage capacity of Nxt? What are its limitations? Does it currently exist? What kind of files etc….

vintagetrex

sr. member

Activity: 490

Merit: 250

Quote from: msin on January 16, 2014, 01:19:02 AM

Quote from: vintagetrex on January 16, 2014, 01:16:57 AM

What happened to the original 21 BTC? Were they permanently removed from circulation? If so, how did the original donors feel about giving $210 to the Winklvii? Considering they own 1% of all bitcoin and the permanent removal of BTC means their BTC holdings went up in value proportionately

Is there a point to your stupid ramblings?

Ya, I'm about to dump my life savings into Nxt and I want to make sure its legit first by asking all the questions possible.

msin

legendary

Activity: 1470

Merit: 1004

Quote from: vintagetrex on January 16, 2014, 01:16:57 AM

What happened to the original 21 BTC? Were they permanently removed from circulation? If so, how did the original donors feel about giving $210 to the Winklvii? Considering they own 1% of all bitcoin and the permanent removal of BTC means their BTC holdings went up in value proportionately

Is there a point to your stupid ramblings?

vintagetrex

sr. member

Activity: 490

Merit: 250

What happened to the original 21 BTC? Were they permanently removed from circulation? If so, how did the original donors feel about giving $210 to the Winklvii? Considering they own 1% of all bitcoin and the permanent removal of BTC means their BTC holdings went up in value proportionately

LiQio

legendary

Activity: 1181

Merit: 1002

Quote from: vintagetrex on January 16, 2014, 01:12:47 AM

ok so rather than invest in Nxt, I should copy and paste the source as Nxt2? Im getting confused here. If I were to make a Nxt2, would I have to actually publicly ask for >21 BTC or could I just ask for .0001 BTC from at least 50 people and then start it?

huh? dude, now we're clearly out of sync.. please reread what I wrote

(hypothetical remark: if you would want to copy NXT, you could make initial distribution in whichever way you like)

Pouncer

sr. member

Activity: 252

Merit: 250

WARNING!

Wow! If that's the case, users better be warned, before someone sends out some confidential info.
I don't think we should not include something of this nature into the official stable version without adequate warning on the messaging page or elsewhere.

Quote from: LiQio on January 16, 2014, 12:52:40 AM

Quote from: Pouncer on January 16, 2014, 12:45:17 AM

Quote from: Jean-Luc on January 15, 2014, 03:38:14 PM

Added Wesley's send message tool, message.html.

Why are messages not encrypted? Anybody can read all the test messages by entering 8189784314684138350 and click "Load"

Code:

From: 4819013663745859207
Time: Wed Jan 15 2014 02:34:25 GMT+1200 (MHT)
hallo Wesley dit is een test...ªPinarello

From: 8189784314684138350
Time: Wed Jan 15 2014 00:47:54 GMT+1200 (MHT)
This is a test message.

From: 8189784314684138350
Time: Wed Jan 15 2014 00:47:06 GMT+1200 (MHT)
This is a test message.

Because wesley's send tool doesn't support it (yet?) - client software has to take care of en-/decryption

vintagetrex

sr. member

Activity: 490

Merit: 250

Quote from: LiQio on January 16, 2014, 12:59:05 AM

Quote from: vintagetrex on January 16, 2014, 12:52:18 AM

Quote from: LiQio on January 16, 2014, 12:49:11 AM

Quote from: vintagetrex on January 16, 2014, 12:41:29 AM

Hi, I am interested in Nxt and ready to invest some money in it. But first can you answer this one question for me, what is scarce about Nxt? With Bitcoin, if someone copies and pastes the source code, its not the same because nobody can just copy and paste the mining network. Please explain what prevents somebody from copying and pasting the Nxt source to make Nxt1, Nxt2, Nxt3, Nxt4 …. ??

Nothing stops him from copying code (in a couple of months), generating another genesis block and start his business

But what is more difficult to copy:
- brilliant devs
- an awesome community
-...

NXT has the energy of a cruise liner at full speed

(Wow I love marketing)

but wait a second. Devs are cool and all but they generate more source code. What will prevent me from copying the Nxt source code right now and all Nxt developments, including future developments?

Right now, the bitbucket code has three flaws (see https://bitcointalksearch.org/topic/nxt-source-code-flaw-reports-397183) and is not up to speed (older version)

The current running code can be decompiled though and yes, copied and released as NXT2
but copying all future codes is A. a lot of work, B. you always lag behind, C. if you are not really up to it you could be played (and copy coin killed), D. there's certainly more reasons
(That's a general topic concerning all open source code)

ok so rather than invest in Nxt, I should copy and paste the source as Nxt2? Im getting confused here. If I were to make a Nxt2, would I have to actually publicly ask for >21 BTC or could I just ask for .0001 BTC from at least 50 people and then start it?

xgc

member

Activity: 69

Merit: 10

Quote from: LiQio on January 16, 2014, 12:59:05 AM

Right now, the bitbucket code has three flaws (see https://bitcointalksearch.org/topic/nxt-source-code-flaw-reports-397183) and is not up to speed (older version)

The current running code can be decompiled though and yes, copied and released as NXT2
but copying all future codes is A. a lot of work, B. you always lag behind, C. if you are not really up to it you could be played (and copy coin killed), D. there's certainly more reasons
(That's a general topic concerning all open source code)

+1

LiQio

legendary

Activity: 1181

Merit: 1002

Quote from: vintagetrex on January 16, 2014, 12:52:18 AM

Quote from: LiQio on January 16, 2014, 12:49:11 AM

Quote from: vintagetrex on January 16, 2014, 12:41:29 AM

Hi, I am interested in Nxt and ready to invest some money in it. But first can you answer this one question for me, what is scarce about Nxt? With Bitcoin, if someone copies and pastes the source code, its not the same because nobody can just copy and paste the mining network. Please explain what prevents somebody from copying and pasting the Nxt source to make Nxt1, Nxt2, Nxt3, Nxt4 …. ??

Nothing stops him from copying code (in a couple of months), generating another genesis block and start his business

But what is more difficult to copy:
- brilliant devs
- an awesome community
-...

NXT has the energy of a cruise liner at full speed

(Wow I love marketing)

but wait a second. Devs are cool and all but they generate more source code. What will prevent me from copying the Nxt source code right now and all Nxt developments, including future developments?

Right now, the bitbucket code has three flaws (see https://bitcointalksearch.org/topic/nxt-source-code-flaw-reports-397183) and is not up to speed (older version)

The current running code can be decompiled though and yes, copied and released as NXT2
but copying all future codes is A. a lot of work, B. you always lag behind, C. if you are not really up to it you could be played (and copy coin killed), D. there's certainly more reasons
(That's a general topic concerning all open source code)

xgc

member

Activity: 69

Merit: 10

Quote from: LiQio on January 16, 2014, 12:42:31 AM

Actually, he can still catch the boat - NXT is low priced atm...
but only if he stops grumbling and gets into action!

He needs to do more research before he deserves to be in the boat IMHO.

Quote from: vintagetrex on January 16, 2014, 12:41:29 AM

Hi, I am interested in Nxt and ready to invest some money in it. But first can you answer this one question for me, what is scarce about Nxt? With Bitcoin, if someone copies and pastes the source code, its not the same because nobody can just copy and paste the mining network. Please explain what prevents somebody from copying and pasting the Nxt source to make Nxt1, Nxt2, Nxt3, Nxt4 …. ??

There is nothing preventing someone from making an alt-coin based on 100% POS. BTC is the first cyrptocurrency to use POW to decentralize information. NXT is the first 100% POS to decentralize information.

How many POW alt-coins have a current market cap larger than the first POW based coin BTC? None.
So its up to you to consider how many 100% POS alt-coins will have a larger market cap than NXT?

I really don't see it. NXT is unique just like BTC is.

Only time will tell.

LiQio

legendary

Activity: 1181

Merit: 1002

Quote from: Pouncer on January 16, 2014, 12:45:17 AM

Quote from: Jean-Luc on January 15, 2014, 03:38:14 PM

Added Wesley's send message tool, message.html.

Why are messages not encrypted? Anybody can read all the test messages by entering 8189784314684138350 and click "Load"

Code:

From: 4819013663745859207
Time: Wed Jan 15 2014 02:34:25 GMT+1200 (MHT)
hallo Wesley dit is een test...ªPinarello

From: 8189784314684138350
Time: Wed Jan 15 2014 00:47:54 GMT+1200 (MHT)
This is a test message.

From: 8189784314684138350
Time: Wed Jan 15 2014 00:47:06 GMT+1200 (MHT)
This is a test message.

Because wesley's send tool doesn't support it (yet?) - client software has to take care of en-/decryption

vintagetrex

sr. member

Activity: 490

Merit: 250

Quote from: LiQio on January 16, 2014, 12:49:11 AM

Quote from: vintagetrex on January 16, 2014, 12:41:29 AM

Hi, I am interested in Nxt and ready to invest some money in it. But first can you answer this one question for me, what is scarce about Nxt? With Bitcoin, if someone copies and pastes the source code, its not the same because nobody can just copy and paste the mining network. Please explain what prevents somebody from copying and pasting the Nxt source to make Nxt1, Nxt2, Nxt3, Nxt4 …. ??

Nothing stops him from copying code (in a couple of months), generating another genesis block and start his business

But what is more difficult to copy:
- brilliant devs
- an awesome community
-...

NXT has the energy of a cruise liner at full speed

(Wow I love marketing)

but wait a second. Devs are cool and all but they generate more source code. What will prevent me from copying the Nxt source code right now and all Nxt developments, including future developments?

LiQio

legendary

Activity: 1181

Merit: 1002

Quote from: vintagetrex on January 16, 2014, 12:41:29 AM

Hi, I am interested in Nxt and ready to invest some money in it. But first can you answer this one question for me, what is scarce about Nxt? With Bitcoin, if someone copies and pastes the source code, its not the same because nobody can just copy and paste the mining network. Please explain what prevents somebody from copying and pasting the Nxt source to make Nxt1, Nxt2, Nxt3, Nxt4 …. ??

Nothing stops him from copying code (in a couple of months), generating another genesis block and start his business

But what is more difficult to copy:
- brilliant devs
- an awesome community
-...

NXT has the energy of a cruise liner at full speed

(Wow I love marketing)

Pouncer

sr. member

Activity: 252

Merit: 250

Quote from: Jean-Luc on January 15, 2014, 03:38:14 PM

Added Wesley's send message tool, message.html.

Why are messages not encrypted? Anybody can read all the test messages by entering 8189784314684138350 and click "Load"

Code:

From: 4819013663745859207
Time: Wed Jan 15 2014 02:34:25 GMT+1200 (MHT)
hallo Wesley dit is een test...ªPinarello

From: 8189784314684138350
Time: Wed Jan 15 2014 00:47:54 GMT+1200 (MHT)
This is a test message.

From: 8189784314684138350
Time: Wed Jan 15 2014 00:47:06 GMT+1200 (MHT)
This is a test message.

LiQio

legendary

Activity: 1181

Merit: 1002

Quote from: xgc on January 16, 2014, 12:32:13 AM

Quote from: coolfish on January 16, 2014, 12:26:00 AM

Quote from: xgc on January 16, 2014, 12:15:09 AM

Quote from: swartzfeger on January 15, 2014, 11:55:16 PM

Quote from: coolfish on January 15, 2014, 10:43:15 PM

No beta [snip]

The Nxt detractors really need to coordinate their talking points --

"It's still in alpha, client is half-baked, it's missing promised features, not listed on major exchange..."

Which is it?

did you see what bitcoin looked when it was 1+ months old?

oh yeah bitcoin is still in beta too.

Don't compare NXT and BTC, Btc is not pre-mining. At least btc is not pre-mining serious.

You can compare eMu, EMu has a client, but beta is testing, and not pre-sale yet.

Neither is NXT seriously. Sorry you missed the boat buddy.

Actually, he can still catch the boat - NXT is low priced atm...
but only if he stops grumbling and gets into action!

vintagetrex

sr. member

Activity: 490

Merit: 250

Quote from: xgc on January 16, 2014, 12:32:13 AM

Quote from: coolfish on January 16, 2014, 12:26:00 AM

Quote from: xgc on January 16, 2014, 12:15:09 AM

Quote from: swartzfeger on January 15, 2014, 11:55:16 PM

Quote from: coolfish on January 15, 2014, 10:43:15 PM

No beta [snip]

The Nxt detractors really need to coordinate their talking points --

"It's still in alpha, client is half-baked, it's missing promised features, not listed on major exchange..."

Which is it?

did you see what bitcoin looked when it was 1+ months old?

oh yeah bitcoin is still in beta too.

Don't compare NXT and BTC, Btc is not pre-mining. At least btc is not pre-mining serious.

You can compare eMu, EMu has a client, but beta is testing, and not pre-sale yet.

Neither is NXT seriously. Sorry you missed the boat buddy.

Hi, I am interested in Nxt and ready to invest some money in it. But first can you answer this one question for me, what is scarce about Nxt? With Bitcoin, if someone copies and pastes the source code, its not the same because nobody can just copy and paste the mining network. Please explain what prevents somebody from copying and pasting the Nxt source to make Nxt1, Nxt2, Nxt3, Nxt4 …. ??

Topic: NXT :: descendant of Bitcoin - Updated Information - page 1631. (Read 2761645 times)