Question for BCNext:
Are you supported by known SR vendors?
that would be something woudnt it?
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Topic: NXT :: descendant of Bitcoin - Updated Information - page 1822. (Read 2761624 times)
Question for BCNext:
Are you supported by known SR vendors?
that would be something woudnt it?
Pin
How to understand amounts of 16.1 or 2.54 NXT in trading at Dgex???
They can support fractional amounts but since all withdrawals are done manually you can't actually withdraw that amount.
... oh... i don't like the second picture.
So that means almost all NXT are in the hands of the really, really, REALLY big (10m+) stakeholders,
maybe just 200m NXT are spread amongst smaller stakeholders :/
Dirstribution is still one of the most important goals in my opinion...
So that means almost all NXT are in the hands of the really, really, REALLY big (10m+) stakeholders,
maybe just 200m NXT are spread amongst smaller stakeholders :/
Dirstribution is still one of the most important goals in my opinion...
The last column on the right in this picture is actually just one account, the dgex.com reserve account.
To get things into perspective: Anybody knows of such graphs for fiat currencies for some countries? ;-)
Percentage of wealth held in 2000 by the Top 10% of the adult population in various Western countries:
Switzerland 71.3%
United States 69.8%
Denmark 65.0%
France 61.0%
Sweden 58.6%
UK 56.0%
Canada 53.0%
Norway 50.5%
Germany 44.4%
Finland 42.3%
To compare NXT to countries, you want to come up with the NXT "Lorenz curve" and "Gini coefficient".
http://en.wikipedia.org/wiki/Gini_coefficient
http://www.fao.org/wairdocs/ilri/x5547e/x5547e0l.htm
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2172rank.html
http://visualign.wordpress.com/2011/09/02/inequality-lorenz-curves-and-gini-index/
Remember that there's only been around six weeks so far to distribute NXT via a currency market....that's how long Dgex has been open.
So it is the interests of the initial stakeholders to let the NXT out in a fairly linear fashion, bit by bit, so that they can maintain a reasonable level of wealth. Same goes for Bitcoin early adopters and any other crypto, see Doge for example.
That's exactly what i always said. The best for NXT is that the big (or initial) stakeholders let out their NXT slowly. And that's also in their interest.I just thought that the distribution was at an more advanced stage, but obviously i was wrong
How to understand amounts of 16.1 or 2.54 NXT in trading at Dgex???
Question for BCNext:
Are you supported by known SR vendors?
darkNXT it is!
yeah, but in fiat-world the top 10% don't need to cash out (into fiat) if they need money. In NXT-world if lets say the top 5 stakeholders decide to cash out everything, NXT will die because price will drop to zero.
and even if distribution is similar in many western countries (i don't think that it's this extreme as it's with NXT at the moment), that doesn't mean that this is good
i don't want to be to pessimistic, i just want NXT to succeed!
I wonder how can people say these bullshits when they have no proof... Guess what. Millions had been sold, a few times quite fast. And price of Nxt?? Stabile. Period
Mybe it IS bullshit, i really have no proof. But it would just make sense to me if some people want to sell 200m NXT in one day and there are not enough bidders, then the price will drop. Don't you think?
If they sell it over a longer period of time, then yes, i think that has happened a few times. And that IS GOOD for NXT. I like it that way. But as long as there are few who have much it's still possible to drop the price to zero, that's just what i think, if it's bullshit or not.
Problem with your pessimistic thinking here is that if a big stakeholder decides to go for an all-out sale, he or she can drive the price to zero, maybe kill NXT and then will be left with a big stake of ....... nothing.
So it is the interests of the initial stakeholders to let the NXT out in a fairly linear fashion, bit by bit, so that they can maintain a reasonable level of wealth. Same goes for Bitcoin early adopters and any other crypto, see Doge for example.
(And I like darkNXT, lets make it official)
DGEX has 2 accounts btw...for people that didn't know
This http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=12292439833850569026 (DGEX Reserve Account according to GCInc)
and the one that is getting the funds from http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=6635869272840226493 (The DGEX Exchange Account)
This http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=12292439833850569026 (DGEX Reserve Account according to GCInc)
and the one that is getting the funds from http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=6635869272840226493 (The DGEX Exchange Account)
May I propose to not use the word darkNXT? It's not a good term in terms of PR and marketing.
Sorry, I'm a science buff and in physics and cosmology right now the big topic is dark matter that can't interact with regular matter. I'm gonna use darkNXT as my preferred term. Tho I could be talked into using zombie NXT - I'm a Walking Dead buff, too.
Many have reported bad experiences with using Dgex. I wished they had not happened. While I really dislike the exchange for its features and user interface, I'd like to share that I have traded several million Nxt through this exchange since the day there were launched - with not a single problem. All withdrawals were delivered (within their stipulated time frame) and all arrived safely.
Having said that, I join all other users in stating my displeasure over the way they increased fees without any notice.
+1 Having said that, I join all other users in stating my displeasure over the way they increased fees without any notice.
yeah, but in fiat-world the top 10% don't need to cash out (into fiat) if they need money. In NXT-world if lets say the top 5 stakeholders decide to cash out everything, NXT will die because price will drop to zero.
and even if distribution is similar in many western countries (i don't think that it's this extreme as it's with NXT at the moment), that doesn't mean that this is good
i don't want to be to pessimistic, i just want NXT to succeed!
I wonder how can people say these bullshits when they have no proof... Guess what. Millions had been sold, a few times quite fast. And price of Nxt?? Stabile. Period
Mybe it IS bullshit, i really have no proof. But it would just make sense to me if some people want to sell 200m NXT in one day and there are not enough bidders, then the price will drop. Don't you think?
If they sell it over a longer period of time, then yes, i think that has happened a few times. And that IS GOOD for NXT. I like it that way. But as long as there are few who have much it's still possible to drop the price to zero, that's just what i think, if it's bullshit or not.
sleeping Nxt
or
dream Nxt
or
whatever Nxt
or
dream Nxt
or
whatever Nxt
These are the same numbers like in your client. May I ask why you chose these?
It's an exponential distribution (1, 2, 4, 8, 16, 32, 64, ...) which seemed natural to use and is easy to code. :-)
Anyone thinking about creation of P2P-pool? If it can exist with current Nxt protocol, does it require something like new client?
yeah, but in fiat-world the top 10% don't need to cash out (into fiat) if they need money. In NXT-world if lets say the top 5 stakeholders decide to cash out everything, NXT will die because price will drop to zero.
and even if distribution is similar in many western countries (i don't think that it's this extreme as it's with NXT at the moment), that doesn't mean that this is good
i don't want to be to pessimistic, i just want NXT to succeed!
and even if distribution is similar in many western countries (i don't think that it's this extreme as it's with NXT at the moment), that doesn't mean that this is good
i don't want to be to pessimistic, i just want NXT to succeed!
Agreed. :-)
Just want to add that with fiat the top stakeholders (governments, FED, central banks) have a potentially unlimited amount of money and what you fear for NXT seems to happen with fiat all the time.
... oh... i don't like the second picture.
So that means almost all NXT are in the hands of the really, really, REALLY big (10m+) stakeholders,
maybe just 200m NXT are spread amongst smaller stakeholders :/
Dirstribution is still one of the most important goals in my opinion...
So that means almost all NXT are in the hands of the really, really, REALLY big (10m+) stakeholders,
maybe just 200m NXT are spread amongst smaller stakeholders :/
Dirstribution is still one of the most important goals in my opinion...
The last column on the right in this picture is actually just one account, the dgex.com reserve account.
To get things into perspective: Anybody knows of such graphs for fiat currencies for some countries? ;-)
and even if distribution is similar in many western countries (i don't think that it's this extreme as it's with NXT at the moment), that doesn't mean that this is good
i don't want to be to pessimistic, i just want NXT to succeed!
I wonder how can people say these bullshits when they have no proof... Guess what. Millions had been sold, a few times quite fast. And price of Nxt?? Stabile. Period
what does balance group mean?
E.g. an account with a balance of 150.000 NXT will go in the balance group "< 262.144", since 150.000 is between 131.072 (the next smaller group) and 262.144. All accounts with a balance between >131.072 and <=262.144 go into the balance group "< 262.144".
These are the same numbers like in your client. May I ask why you chose these?
Yes, good idea but no need to make a new address.
Yes there is.
a) the checksum must be mandatory on the protocol level or it won't be used enough.
b) the check cannot be done only on the client, this doesn't solve unhealthy server problem. This leads us again to the protocol level.
And checksum should not be easily distinguishable from the address for various psychological reasons.
... oh... i don't like the second picture.
So that means almost all NXT are in the hands of the really, really, REALLY big (10m+) stakeholders,
maybe just 200m NXT are spread amongst smaller stakeholders :/
Dirstribution is still one of the most important goals in my opinion...
So that means almost all NXT are in the hands of the really, really, REALLY big (10m+) stakeholders,
maybe just 200m NXT are spread amongst smaller stakeholders :/
Dirstribution is still one of the most important goals in my opinion...
The last column on the right in this picture is actually just one account, the dgex.com reserve account.
To get things into perspective: Anybody knows of such graphs for fiat currencies for some countries? ;-)
and even if distribution is similar in many western countries (i don't think that it's this extreme as it's with NXT at the moment), that doesn't mean that this is good
i don't want to be to pessimistic, i just want NXT to succeed!
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