Topic: NXT :: descendant of Bitcoin - Updated Information - page 1894. (Read 2761645 times)
From the man who created the wonderful https://inputs.io
P.S.Peercover was willing to invest in all the development, NXT leakage, etc. and be in it for the long term forging revenue model. Actions speak louder than words. Support the company that supports the NXT community.
James - what is the minimum XRP that needs to be in the reserve to trade on Peercover? I just opened a wallet and am unfunded atm.
You need 20XRP. Send me your wallet address I will send it to you. You can repay me in NXT in my sig or via ripple send to rfHFcdmZgUKAFVYCaWWfYni6q8H7wLhFXr
For those who don't know in ripple you can send NXT or anything to another person and it will automatically show you a selection of what you have in your wallet that would convert to the desired amount
James
Peercover/ripple
NXT, BTC, LTC BUY and SELL: 0.00%
NXT deposits: 0%
BTC deposits: 0%
LTC deposits: 0%
NXT cashouts: 0.0%, automated
BTC cashouts: 0.0%, automated
LTC cashouts: 0.0%, automated
Also, I think aldrin has added more inventory! There is now NXT available for 3 XRP which is around .0001 BTC and about right for what the price should really be. Maybe this whole dgex thing is to make NXT price go down on the day src was released. I think the true market price should be set on ripple
I have had many request for how to trade using peercover/ripple.
1st step is to just create a ripple wallet to get id. Then go to the link in my signature and deposit BTC. I won't be making a market in NXT/LTC today.
As soon as BTC is transferred, you will get BTC in your wallet and you will be able to trade NXT/BTC. I will try to get some competitive offers there within an hour. So, everybody get ripple acct, go to simpleGateway and get your ripple wallet funded with BTC. Oh, you have to create a trust line by going to the ripple wallet's advanced page and clickon "Add trust" and select BTC and put in peercovers address along with the size of your BTC deposit. This allows you to make a deposit of BTC.
If you can post when you get stuck I will help. If you need some XRP to start I will send you some. If you succeed, please post and explain how difficult it wasn't
James
P.S. The whole ripple process is very similar to what people will have to do for colored coins, so might as well get some practice
NXT, BTC, LTC BUY and SELL: 0.00%
NXT deposits: 0%
BTC deposits: 0%
LTC deposits: 0%
NXT cashouts: 0.0%, automated
BTC cashouts: 0.0%, automated
LTC cashouts: 0.0%, automated
Also, I think aldrin has added more inventory! There is now NXT available for 3 XRP which is around .0001 BTC and about right for what the price should really be. Maybe this whole dgex thing is to make NXT price go down on the day src was released. I think the true market price should be set on ripple
I have had many request for how to trade using peercover/ripple.
1st step is to just create a ripple wallet to get id. Then go to the link in my signature and deposit BTC. I won't be making a market in NXT/LTC today.
As soon as BTC is transferred, you will get BTC in your wallet and you will be able to trade NXT/BTC. I will try to get some competitive offers there within an hour. So, everybody get ripple acct, go to simpleGateway and get your ripple wallet funded with BTC. Oh, you have to create a trust line by going to the ripple wallet's advanced page and clickon "Add trust" and select BTC and put in peercovers address along with the size of your BTC deposit. This allows you to make a deposit of BTC.
If you can post when you get stuck I will help. If you need some XRP to start I will send you some. If you succeed, please post and explain how difficult it wasn't
James
P.S. The whole ripple process is very similar to what people will have to do for colored coins, so might as well get some practice
Wait until people start connecting the dots when the fog of all this exchange drama clears and come to realize how incremental the NXT Asset Exchange is for crypto! Solid rocket booster ignition and liftoff!!!
When the fog clears you'll start to see the "Pardon Our Dust" signs.
Wait until people start connecting the dots when the fog of all this exchange drama clears and come to realize how incremental the NXT Asset Exchange is for crypto! Solid rocket booster ignition and liftoff!!!
Unless someone else takes the lead in this area.
I warned about dgex behavior several times in our bounty thread, every time the head guy jumped in to defend their business.
But the funny part is they even didn't try to implement the simplest of improving suggestions which we mentioned there: that
is a secure https connection..?!
What dgex does is very simple, they are making bunch of money out of Nxt, and the only thing they improve is just their profits,
simply because of two reason:
1- Monopoly, not any serious competitions;
2-They are here for a short-term profit.
First was freicon, then nxt... they only need to change the logo each time!
None of this is true, except for the monopoly claim. It's not intentional, we do not limit anybody from opening an exchange. Perhaps worth it to think about the reasons for the nonexistence. Maybe nobody else was ready to carry the risk on inmature network. Yet by enabling trading we have increased NXT value to 100x what it was before DGEX launched.But the funny part is they even didn't try to implement the simplest of improving suggestions which we mentioned there: that
is a secure https connection..?!
What dgex does is very simple, they are making bunch of money out of Nxt, and the only thing they improve is just their profits,
simply because of two reason:
1- Monopoly, not any serious competitions;
2-They are here for a short-term profit.
First was freicon, then nxt... they only need to change the logo each time!
We have had https for several weeks, just use it.
DGEX is here for long term.
We promised free trading and no NXT cashout fees to encourage NXT adoption for until the end of December.
The main reason for 1.4% NXT withdrawal fee is that we have lost a total of approx. 800 000 NXT during the processing of 11000+ deposits and 7000+ payouts within the month in the unstable NXT network and experimental API, plus our own software in the quick time to market and extremely risky circumstances.
If you think that's too much of a loss, you should have attempted to run the whole show yourself. There ALWAYS are losses in realtime payment processing. They need to be budgeted.
Yet at the same time, we have not complained but have enabled for the community 10000% value increase for their NXT, and through operating nextcoin.org and dgex.com have been a crucial factor in the expansion of NXT adoption.
Now, with the 800 000 NXT deficit, how would you suggest we recover that if not as fees from those who have benefited from us making live trading available in the first place (the customers)? Any suggestions are welcome!
Fees cover the facilities, and they cover the risks. We deal with it, and so should our customers.
Are you saying that the change in the fee structure is temporary? When do you expect to return to the normal fees?
How much does forging from 75 million NXT bring in per week?
dgex must offer fee amnesty for at least 3 days to allow people to withdraw. People were not properly notified about the fee increase.
Did anybody receive an email prior to the fee increase?
Was there an announcement about the fee increase?
Any business can do whatever it wants to do, and customers can also do what they want. If dgex wants to stay, then it should offer 3 day withdrawal amnesty at the least. Post your forging revenues against the 800,000 NXT you claim to have lost. How was all this lost? Why didn't anybody hear about this? The community could have helped.
James
P.S. bid price on ripple is over 15% more than on dgex as of now, actually closer to 20%
dgex must offer fee amnesty for at least 3 days to allow people to withdraw. People were not properly notified about the fee increase.
Did anybody receive an email prior to the fee increase?
Was there an announcement about the fee increase?
Any business can do whatever it wants to do, and customers can also do what they want. If dgex wants to stay, then it should offer 3 day withdrawal amnesty at the least. Post your forging revenues against the 800,000 NXT you claim to have lost. How was all this lost? Why didn't anybody hear about this? The community could have helped.
James
P.S. bid price on ripple is over 15% more than on dgex as of now, actually closer to 20%
Link please
Just saw dgex was down
I think that makes https://peercover.com/#/simpleGateway the only place to trade NXT. Based on my urging the guys at peercover worked through the holidays to make a NXT trade page. It is built on ripple and so no centralized server.
So far there is very little volume on ripple. I had asked the founders to create some inventory, but nobody did. I don't have enough NXT to make a deep market, but since it is the only place to trade NXT now, maybe more people will use it?
James
P.S. I will still post when I can
I think that makes https://peercover.com/#/simpleGateway the only place to trade NXT. Based on my urging the guys at peercover worked through the holidays to make a NXT trade page. It is built on ripple and so no centralized server.
So far there is very little volume on ripple. I had asked the founders to create some inventory, but nobody did. I don't have enough NXT to make a deep market, but since it is the only place to trade NXT now, maybe more people will use it?
James
P.S. I will still post when I can
P.S.Peercover was willing to invest in all the development, NXT leakage, etc. and be in it for the long term forging revenue model. Actions speak louder than words. Support the company that supports the NXT community.
James - what is the minimum XRP that needs to be in the reserve to trade on Peercover? I just opened a wallet and am unfunded atm.
NXT BUY and SELL: 0.25%
NXT deposits: 0%
BTC deposits: 0%
NXT cashouts: 1.2%
BTC cashouts: 1.4% to 2.8% (instant) min. 0.0005 BTC
How much does forging from 75 million NXT bring in per week?
dgex must offer fee amnesty for at least 3 days to allow people to withdraw. People were not properly notified about the fee increase.
Did anybody receive an email prior to the fee increase?
Was there an announcement about the fee increase?
Any business can do whatever it wants to do, and customers can also do what they want. If dgex wants to stay, then it should offer 3 day withdrawal amnesty at the least. Post your forging revenues against the 800,000 NXT you claim to have lost. How was all this lost? Why didn't anybody hear about this? The community could have helped.
James
P.S. bid price on ripple is over 15% more than on dgex as of now, actually closer to 20%
dgex must offer fee amnesty for at least 3 days to allow people to withdraw. People were not properly notified about the fee increase.
Did anybody receive an email prior to the fee increase?
Was there an announcement about the fee increase?
Any business can do whatever it wants to do, and customers can also do what they want. If dgex wants to stay, then it should offer 3 day withdrawal amnesty at the least. Post your forging revenues against the 800,000 NXT you claim to have lost. How was all this lost? Why didn't anybody hear about this? The community could have helped.
James
P.S. bid price on ripple is over 15% more than on dgex as of now, actually closer to 20%
+1
dgex was taking the 1nxt fee on their own to send NXT baught with BTC and no one said anything then, one thank you at least 
now when they trying to cover this 1nxt fee and their expenses of running an exchange for free for almost 2 months everyone goes nuts!
dgex was the main source of getting a hold of some NXTs and it was FREE!!! and it was super reliable!!!
now to trade you get 0 fee which makes it a +EV spot for speculations so think about it rather than going nuts with moaning
now when they trying to cover this 1nxt fee and their expenses of running an exchange for free for almost 2 months everyone goes nuts!
dgex was the main source of getting a hold of some NXTs and it was FREE!!! and it was super reliable!!!
now to trade you get 0 fee which makes it a +EV spot for speculations so think about it rather than going nuts with moaning
actually
NXT BUY and SELL: 0.25%
https://dgex.com/fees.htm
dgex was taking the 1nxt fee on their own to send NXT baught with BTC and no one said anything then, one thank you at least
now when they trying to cover this 1nxt fee and their expenses of running an exchange for free for almost 2 months everyone goes nuts!
dgex was the main source of getting a hold of some NXTs and it was FREE!!! and it was super reliable!!!
now to trade you get 0 fee which makes it a +EV spot for speculations so think about it rather than going nuts with moaning
now when they trying to cover this 1nxt fee and their expenses of running an exchange for free for almost 2 months everyone goes nuts!
dgex was the main source of getting a hold of some NXTs and it was FREE!!! and it was super reliable!!!
now to trade you get 0 fee which makes it a +EV spot for speculations so think about it rather than going nuts with moaning
How much does forging from 75 million NXT bring in per week?
dgex must offer fee amnesty for at least 3 days to allow people to withdraw. People were not properly notified about the fee increase.
Did anybody receive an email prior to the fee increase?
Was there an announcement about the fee increase?
Any business can do whatever it wants to do, and customers can also do what they want. If dgex wants to stay, then it should offer 3 day withdrawal amnesty at the least. Post your forging revenues against the 800,000 NXT you claim to have lost. How was all this lost? Why didn't anybody hear about this? The community could have helped.
James
dgex must offer fee amnesty for at least 3 days to allow people to withdraw. People were not properly notified about the fee increase.
Did anybody receive an email prior to the fee increase?
Was there an announcement about the fee increase?
Any business can do whatever it wants to do, and customers can also do what they want. If dgex wants to stay, then it should offer 3 day withdrawal amnesty at the least. Post your forging revenues against the 800,000 NXT you claim to have lost. How was all this lost? Why didn't anybody hear about this? The community could have helped.
James
#2
75. it is 75 million. In only one of the accounts.
And if everyone who hold their Nxt in dgex tries to withdraw... Dgex will get 75M * 1.4%.You should join Nxt team in some capacity.
People have offerd help, none of them got respons.
Pin
These are two separate issues. You should know what he can do first.
How much does forging from 75 million NXT bring in per week?
dgex must offer fee amnesty for at least 3 days to allow people to withdraw. People were not properly notified about the fee increase.
Did anybody receive an email prior to the fee increase?
Was there an announcement about the fee increase?
Any business can do whatever it wants to do, and customers can also do what they want. If dgex wants to stay, then it should offer 3 day withdrawal amnesty at the least. Post your forging revenues against the 800,000 NXT you claim to have lost. How was all this lost? Why didn't anybody hear about this? The community could have helped.
James
P.S. bid price on ripple is over 15% more than on dgex as of now, actually closer to 20%
dgex must offer fee amnesty for at least 3 days to allow people to withdraw. People were not properly notified about the fee increase.
Did anybody receive an email prior to the fee increase?
Was there an announcement about the fee increase?
Any business can do whatever it wants to do, and customers can also do what they want. If dgex wants to stay, then it should offer 3 day withdrawal amnesty at the least. Post your forging revenues against the 800,000 NXT you claim to have lost. How was all this lost? Why didn't anybody hear about this? The community could have helped.
James
P.S. bid price on ripple is over 15% more than on dgex as of now, actually closer to 20%
Link please
Released today? Raise fees? Disappointment and anger..
1.4% fee ? O_O
Post your forging revenues
Blocks Generated : 706 Fee Earned : 5,507 NXTBlocks Generated : 131 Fee Earned : 9,520 NXT
Even with a bit of increase, within a year you will recoup 800,000 NXT, which seems to be very high to me, especially if all withdrawals were manual.
Transactions fees will continue to increase, probably not doubling every week, but still it is reasonable to expect all the losses to be recouped within 6 months, probably more like 4 months once all the new features are live.
It is strategically important for the NXT community to have a frictionless trading platform. Forging fees are plenty to cover costs and if you are in it for the long run, eliminate all fees. If you are in it for the short run, give people 3 day amnesty to bail. If you don't care at all about NXT community, continue with your current approach. Maybe you can write a book about how your keep customers happy.
James
P.S.Peercover was willing to invest in all the development, NXT leakage, etc. and be in it for the long term forging revenue model. Actions speak louder than words. Support the company that supports the NXT community.
Jump to: