Topic: NXT :: descendant of Bitcoin - Updated Information - page 1986. (Read 2761645 times)

me.

NEW !

24/7 help desk created.

for all problems with the client ask your questions there.

https://nextcoin.org/index.php/board,46.0.html

Still volunteers welcome to work around the clock (pm pinarello)

AND HAPPY NXT YEAR TO ALL!

Pin

Great news. The more projects, the better for the future of NXT.

Peercoin might 1% interest, but doesn't it create 1% inflation by issuing new coins to issue the 1%. Also as it is mined that dilutes value so inflation rate seems to be much more than 1%

1% interest minus 1%+ inflation is negative interest and makes peercoin a depreciating asset. I could be wrong about peercoin as I have not studied it in depth, looking forward to hearing from someone who understands it better

NXT pays positive dividend, no inflation. big difference

James

CfB,

The valuation of 1BTC = 47.62 NXT is purely based on scarcity of each as a ratio.
The reason it is not there yet is due to premium BTC gets for being BTC and discount NXT has due to it not being accepted by the public. It would be much lower if it were not for the premium NXT has due to it being NXT!

Even assuming NXT won't get a premium because of all its advantages, the primary differentiating advantage that it is the ONLY crypto that pays dividends. This does not matter so much when there are only two ways to generate transaction fees, but if we end up having daily referendums on whether to vote or not, the velocity of NXT could increase dramatically and this will boost the dividend ratio.

Still working on how to tie in future cashflows of NXT to specific dollar value. Have a few ideas on how this can be achieved to create valuation floors each time NXT doubles in highest market price. Kind of like mining difficulty increases each time a certain block is hit, the floor value of NXT will be increased each time it hits a new market high, as long as there is enough liquidity in that new high price and we have a significant enough percentage of NXT holders commit to a NXT buyback. Eg, sell NXT at high price and then commit to repurchase NXT, if it ever goes to 50% of that price.

This effectively creates a floor in the cash value of NXT, eg. NXT/USD price. Then I can integrate the future forging revenues to have a different multiplier for differnent time horizons. Multiply that by floor cash value to create a lower bound on NXT valuation.

So, if we can get 50% of NXT holders to sign up for this sell high, commit to buy low plan, nexern can update the blockchain website with an estimated cash value for NXT. Apply the then current NXT/BTC rate to get an estimated NXT/BTC fair market value rate.

If we can use the community fund to payout its forging output to NXTcompanies (peer teams) based on transaction fees generated (allocated by peer voting!), we will have a decentralized mechanism that will maximize the future forging revenues, which maximized NXT valuation.

As soon as we get several hundred thousand NXT users, I imagine the discount of not being BTC will be balanced by the premiums from being NXT, so the 47:1 ratio

As soon as people realize that NXT automatically issues dividends and reinvests it in itself so that compound interest kicks in AND that there are thousands of actively working people boosting the future forging revenues, the price of NXT will decouple from BTC. Basically, when the calculated future forging revenues multiplied by the price floor exceeds the 47:1 ratio, NXT will not be tethered to anything except the number of NXT users.

I have not figured out the percentage of GDP we get per new person that uses NXT, but ultimately NXT valuation will be tied to the number of active users and the percentage of their economic activity that is done within NXT, eg. NXTGDP. Will 1% of the people use NXT for 10% of their spending? if so that means 0.1% of world economy will be NXTconomy when we get ~70 million NXT users.

I think world economy is in the hundred trillion dollar range, so that would give NXT a reasonable market cap of hundred billion, eg. 5NXT = 1 BTC

James

I don't think Peercoin (PPC) is rubbish. It's a POW/POS coin and you get 1% interest per year.
http://www.cryptocoincharts.info/#jump-ppc-btc

Just made it by the end of the year. So far, it seems to run fine with 0.4.8.

I can no longer find the info on how to make it a public node. I get a new IP every 24 hours. I already setup port forwarding for TCP 7874 from Internet to the RPi. Anything else I need to do?

My next project: Client with a focus on exploring the block chain and markets (dgex for now). (It'll be for Windows only.)

Is there any news concerning Drexme?

BCNext is planning to spend some unclaimed coins to push development of clients for different platforms. Nexern is supposed to get something just like the other guys who develop something for Android and iPhone. But I wouldn't rely on unclaimed coins, not too much left.

If he already have several million of NXT, then we are fine but I doubt he has that much. I tried to push some big holders to have a a certain bounty for him. But no guarantee at the moment.

Nxt runs on mobile

https://nextcoin.org/index.php/topic,797.0.html

Max NXT price is limited by the protocol currently.

That is ridiculous.  Have you or BCNxt offered to pay him?

He is not paid. He posted his address for donations but I bet noone noticed that except me.

Some words you could use...  

Nxtrordinary
Nxtatic
Nxtpectations
NxtraSpecial

No. I would say that BTC price is limited to 1 BTC = 47.62 NXT.

Getting this in stdout:

Can someone explain why peercoin is surging on coinmarketcap.com while NXT is not?  LOL, how can people invest into rubbish like peercoin and Quark?

Ditch coins on the last one nxt isnt a coin others look good tho