Topic: NXT :: descendant of Bitcoin - Updated Information - page 1682. (Read 2761645 times)

When is multisig implemented?

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sent 6d0f9259f72bd0cd5c150cf96b7d1fec9108675dc999cea9c7538e9003c57afd

Community decides. And don't count me as one of the holders, plz. I hate such kind of work.

Send 0.989 BTC to 1LLe2He9k8r8WnAnuXJbAUedX8c2HCr8bQ to get 23'000 NXT.

1 BTC from 1AbKhsLqJLHExzQiLo6tt9oB5c5NKhq6ei into NXT 18146608053740744717

Can I have one of the keys?

We could use multisigs to control unclaimed coins converted into bitcoins. Where could I get software that handles this?

+1

1. If you buy 1 million you get it from another user. Like it works in bitcoin and nxt.

2. In the moment you buy or exactly after you buy that 1 million, the system creates another 1 million (They don't tell exactly when). 0.5 for the users and 0.5 for hatchers. This money will be created by the hatchers and get distributed via mediators (looks kind of centralized but in emunie they don't speak about this...)

3. Yes, your shares goes down in percentage. In the long run you will have about ~50% of the initial percentage you owned in the start. So for taking profit is no that good for the investor, you get 50% profit when it works but, you take 100% loses if system goes down...

4. I think this system is stupid and broke. Because when price goes down EMU price will change (because they don't take EMU back), so it is completely useless.

5. Pump&Dump is great for hatchers they get 50% of the new rising market. Imagine going up from $10M to $50M... hatchers get $20M LOL  
So it will end like bitcoin, all the people will set up lot of hatchers there will be pools and it will be centralized (or maybe this won't be possible IDK), but for sure it will be a huge waste of power and hatching race.


Now can we focus in NxT?

Sent

Let's say there is 10 million EMU at ten cents and an order for 1 million EMU in excess of supply appears. Then the network automatically creates 1 million more EMU to satisfy the order, 500,000 to existing holders and 500,000 to hatchers. This is what confuses me.
 
So we have a new buyer who wants to buy, but the new EMU is going to existing EMU holders and hatchers. Where does the new buyer get the 1 million EMU from?
 
Separately, we now have 11 million EMU (presumably), but the original EMU holders have 10.5 million, so their share went from 100% to 95.45%
Is the price charged to the purchaser increased by ~5% so that the value of the 10.5 million post purchase EMU is about the same as before the purchase?
 
How can all these mechanisms be stabilized? It would seem that under any sort of real world supply and demand scenario, the market value will oscillate and the reality is that the original EMU holders will continue to get a smaller and smaller share. In order to maintain their ownership percentage, they would need to continue purchasing EMU continuously. It almost seems designed to create an unsustainable price feedback loop.
 
Please explain mathematically how the adding of new EMU into the system doesn't dilute the prior EMU holder's value.

James

P.S. I don't expect you will answer this as there seems to be a pact of silence around this issue. I have asked this question in half a dozen emunie forums, without any responses.

Send 0.989 BTC to 1LLe2He9k8r8WnAnuXJbAUedX8c2HCr8bQ to get 23'000 NXT.

95% price = 0.043 mBTC for 1'000'000 NXT.
Send 0.43 BTC to 1LLe2He9k8r8WnAnuXJbAUedX8c2HCr8bQ to get 10'000 NXT.

I want to support the newly created exchange "CfB-Trade Ltd."
Will send 1 BTC from address
1GTn1DfLEaABrFCSejuosGgTAcxR9H7Svm

Please send the Nxts to address
17554870974799505420

Where to send the 1 bitcoin?

- here: https://bitbucket.org/JeanLucPicard/nxt-public/issues

look at this quote of Fuserleers ideological background:

Fuserleer on http://forum.emunie.com:

this quote says so much:
in Fuserleers world there's no understanding of Sathoshis motives and his desire for a more democratic way of payments or money in itself.
in Fuserleers world Satoshi did something wrong by letting the comunity continue the development after laying the basement.
I even doubt Fuserleer has a genuine interest in decentralization.
He calls Bitcoin Satoshis "business". That's really a wrong description, but you can bet he considers eMunie his "business".
He's not the kind of man, I would trust.

Could anyone tell me where I can report bugs to Luc ?

@apenzl, here are some of my thought on the newsletter idea. crossed post in https://forums.nxtcrypto.org/viewtopic.php?f=18&t=331&p=2432#p2432

We could follow similar template as the peercoin's newsletter https://bitcointalksearch.org/topic/ppc-peercoin-newsletter-6-cnbc-coverage-new-merchants-dev-update-369239, but do it in a more decentralized fashion. That is having many writings by contributors in a magazine style.

The newsletter could be divided into different sections such as : full clients update, new projects, promotional events, merchant adoptions, interviews etc. and we could have each section covered by a contributor.

There should be some editors whose English are fluent because we want the newsletter looking good.

So the organization could be follow:

Editors: 1-3 people, tasked with proofreading submission, selection of submission, contacting with contributors to request contents
Contributors: 5-6 depending on the level of interest; tasked with writing what they follow and interest and what might be requested by editors.

Following this type organization, we can move from a simple newsletter to full-scale magazine easily when the time comes.

Finance: We should seek financial support from donors at the beginning. Eventually we could have funds from advertisement etc.
Contributors and editors are expected to do volunteer work in the beginning. Other compensations could be discussed later, but I think we need to emphasize on volunteer efforts here. You can't expect to earn anything much at this state or maybe even in the future. So volunteers are welcome, paid mercenary please go away.

Yep let's move to promotion thread.

Owner of account 10707482695518048392, upgrade NRS to the newest version, plz.

Newsletter guys, you should discuss this in "Nxt marketing & promotion thread: http://bit.ly/1cTp0iw" now

Others can visit also new sections: Nxt full feature clients, Nxt web service providers, Nxt security and user interface, Nxt open source code flaw report