Topic: NXT :: descendant of Bitcoin - Updated Information - page 2022. (Read 2761645 times)

Why don't you read what I said? I'm suggesting all large holders of NXT, like myself, pool a big wad of NXT together and donate ALL the forged NXT to community activities that further all out interests FOR MANY YEARS.

This is my message to the NXT community - read & think before you comment and act.

Rather than set myself up as a 'leader' of NXT on the basis that I got lucky and sent BcNext 1 bitcoin, I'm advocating trying to be smart about things. I can see there are much better people than me to co-ordinate the distribution of any contribution I can make. I can also see that donating to random people who ask is not the best way to go. Some of them might have big voices but small minds, and lack talent and good ideas. Some might be scam merchants.

I revealed myself as having a big stake  - maybe that was unwise.

I'm suggesting that  decisions on how to spend any donated NXT be made by the best and brightest in the NXT community - to avoid donating NXT to people who post negative comments without reading and thinking first.

I'm looking for a structure to support NXT for years, not a few random acts to the loudest voices.

I want to support smart people. Does your comment to my post about setting up a forging trust account suggest you are smart? I just offered to support the NXT community for many years, and you replied "as you seems too poor to fund activity of NXT supporters or too busy watching your balance growing" Then you make a joking reference about hacking my account to donate it to a NXT faucet, presumably because I'm not donating enough.

I'm not taking it personally (you don't know me), but I'm suggesting you need to consider your approach if you want my support . I expect that you would read and think before posting a reply.

No need to wait so long.

Dont worry. It was me, who added your account to one of NXT faucet, as you seems too poor to fund activity of NXT supporters or too busy watching your balance growing.

Joke. Or not?

Dont take it personally. This is my message to all high volume shareholders.

No sooner than you sell me yours and I wait a year or two and sell you back

Check DGEX.com again. Then send me your nxt before I change my mind.

yeah, right!

Thank you for taking the time to actually read and think about what i have said!

Thr price is falling, hurry up and sell me some nxt

Aldrin doesn;t want to crash the market....I think his approach is very wise at the present moment.


He has been moving his stack down from 5% to 1% of Nxt....which is more than 80% reduction.


He sets a very good example for others to follow.

This coin needs more advertising.

Ah, ok I missed that.

More precisely, the account public key becomes known to the blockchain when the first outgoing transaction has been sent from this account. And you can't make an outgoing transaction unless there are funds in the account. So there is some chicken and egg problem here, the very first time you open an account and want to fund it, the above request will tell you that the account is unknown. Client developers should still allow sending money to such an account, but just give a warning.

I think he mentioned yesterday that he has been selling at a steady rate since the beginning.

Thanks for spelling this out!! The fear of being hacked has stopped me forging now. I asked a question along these lines a couple of days ago on a related theme but haven't had a response yet (I know everyone on the dev side is super busy now) - My question is, is it possible to detect the location and status of unlocked accounts on other nodes? If it is, then forging with a large account is too risky IMO.

https://bitcointalksearch.org/topic/m.4182386


I have a large account balance, and the other day I noticed a few separate transactions in my history where unknown users to me had sent 1 NXT amounts to my account. I hadn't noticed them before, as the only difference between a forged NXT and a sent NXT is the small icon next to the transaction number.

I suspect someone was experimenting with trying to identify the location of accounts with large balances on the network. I don't have much experience with these things, but I suspect there could be ways of analysing transaction logs and other data sources to try and determine the IP address, or identity/location of an open account.

My account number is one of the accounts on the block explorer page of top accounts, so I think someone was searching for the location & account status of big accounts.

That said, I have done some thinking, and I would like to explore the possibility of using my account to forge NXT for community activities like faucets, promotion, and bounties. I would retain full ownership of the account, but I would be happy for all the forging revenue to go into funding community activities.

My intention would be to help create a consistent revenue stream to help fund worthwhile activities. I have enough NXT, but I don't have the time or skills to contribute much to all the good things going on at the moment. I am also not interested in choosing worthwhile people and projects myself. I have too many commitments (work & family), and I'm finding it too hard to keep up with all the reading required to be an active, and informed, participant. I can see that there are others in the NXT community with time, passion and skills. I want to help supply those people with a small, but consistent revenue stream.

I am prepared to investigate this, but I think the hacking threat of forging with a known account is too great at the moment. Once this risk is eliminated (if it can be) my account could forge 24/7. That would be 1-4% of the NXT supply, depending on how much more NXT I sell. If other big stake holders contributed we could create a semi-permanent funding source to help NXT in these formative years.

But the security situation has to be 100% water tight.

What do I have to do to forge? Just stay logged in?

More precisely, the account public key becomes known to the blockchain when the first outgoing transaction has been sent from this account. And you can't make an outgoing transaction unless there are funds in the account. So there is some chicken and egg problem here, the very first time you open an account and want to fund it, the above request will tell you that the account is unknown. Client developers should still allow sending money to such an account, but just give a warning.