NXT :: descendant of Bitcoin - Updated Information - page 2039.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Hey CfB... would really like your opinion on my concerns earlier:

https://bitcointalk.org/index.php?topic=345619.msg4198196;topicseen#msg4198196

...I have had my wallet unlocked non-stop (aside from downtime from attacks) for a FULL month until today...

The issue u r talking about belongs to client side. I don't have opinion on that, sorry.

mcjavar

hero member

Activity: 784

Merit: 500

Quote from: ImmortAlex on December 29, 2013, 09:18:00 AM

Send small amount to mcjavar (txid 14567541224881332002).
Hope someone will send much more to help you promote our lovely child.

Thank you, much appreciated!

Damelon

legendary

Activity: 1092

Merit: 1010

Quote from: landomata on December 29, 2013, 09:11:49 AM

Quote from: Come-from-Beyond on December 29, 2013, 09:08:06 AM

Quote from: jl777 on December 29, 2013, 09:00:41 AM

In the beginning there was BCNext...

Is it from The Book of Genesis?

Hahaha, man, u made my day!

its from the block of Genesis

Let's hope we will never get to the block of Exodus!

rickyjames

full member

Activity: 196

Merit: 100

Quote from: mr_random on December 29, 2013, 09:16:51 AM

Quote from: rickyjames on December 29, 2013, 09:13:19 AM

Quote from: laowai80 on December 29, 2013, 07:03:06 AM

Quote from: rickyjames on December 29, 2013, 07:00:29 AM

Quote from: dzarmush on December 29, 2013, 06:54:54 AM

Turned out it's the DGEX reserve account with 75 mil Cool

What is your source for this statement? If true, it totally invalidates salsacz's video claim that 30% of NXT has changed owners in 21 days or my analysis that 20% had done so thru Dgex in 30 days...

why would it invalidate anything?
reserve account doesn't mean DGEX necessarily owns all of NXTs in it, it's just users of DGEX store their NXTs there, it's their trade money.

Same goes for bitcoin exchanges, some of the biggest bitcoin wallets are actually exchanges' wallets with thousands of users owning bitcoins in those wallets.

If it's still in storage at DGex it hasn't changed hands yet on the exchange and still belongs to the depositor. It can't be counted as NXT that has found a new owner yet until it's actually sold.

We don't know what fraction of that 75 million belongs to buyers and sellers. If I deposit 1 million NXT, sell it on dgex, and the person who bought it hasn't withdrawn it from the exchange it will remain in the dgex reserves. Yet the 1 million NXT is now belonging to and controlled by the buyer not the seller. etc

This is true. It can only be "positively" identified as being sold when it is withdrawn from Dgex by the buyer. That's the criteria I was using to say "20% had changed hands in 30 days at Dgex". I was assuming 200M had been WITHDRAWN. Now I find out that 75M has been shuffled into a Dgex storage account. This means only 125M has been withdrawn, or around 12-13%, not 20%. This matters because salsacz has a very bold "30%" claim front and center in her video. That number needs to be researched and corrected a single time now, not explained as an error to critics a million times a month from now.

The real solution here is that Graviton and salsacz need to have a talk.

ZeroTheGreat

hero member

Activity: 644

Merit: 500

Quote from: landomata on December 29, 2013, 09:11:49 AM

Quote from: Come-from-Beyond on December 29, 2013, 09:08:06 AM

Quote from: jl777 on December 29, 2013, 09:00:41 AM

In the beginning there was BCNext...

Is it from The Book of Genesis?

Hahaha, man, u made my day!

its from the block of Genesis

Applause

ZeroTheGreat

hero member

Activity: 644

Merit: 500

Quote from: jl777 on December 29, 2013, 08:50:01 AM

as there are many volunteers who are putting in a lot of hours

For their_own_future_benefits (NXT's value in pocket and/or near-ideal payment system). Called profit. Concept: rational egoism.

newsilike

sr. member

Activity: 630

Merit: 262

This account was hacked. just recently got it back

Quote from: user1922 on December 29, 2013, 08:04:58 AM

Are there any plans on redistributing the roughly 61 million USD in NXT ? The current distribution seems so far off, it borders on being ridiculous. Basically all founders are now millionaires. Before it is even usable as a payment system?
I tried to gather some NXT but it seems almost impossible, I got more free BTC doing less work (not mining, but faucets, ad-clicking, etc).
This all seems a bit too greedy for my taste to be totally honest.

Why not hold 80% of all NXT in the genesis account and release that as transactions fee's in the coming 10-30 years? Seems a LOT fairer to me.

If there would be a better way of redistributing it, I think its the best way one can do it.

Quote from: user1922 on December 29, 2013, 08:04:58 AM

Why not hold 80% of all NXT in the genesis account and release that as transactions fee's in the coming 10-30 years? Seems a LOT fairer to me.

So that the 20% Stakeholders would forge it anyway?

Olimpiata

member

Activity: 99

Merit: 10

Quote from: Olimpiata on December 29, 2013, 08:50:33 AM

I sent my NXT from DGEX to my "wallet" but it is not appearing. It shows on the blockchain (was confirmed two days ago).
Where the hell are they?

Cheers for any advice

Quote from: jl777 on December 29, 2013, 08:51:48 AM

Olimpiata,

try restarting the client, if the blockchain website shows it, it is probably there, the wallet lost sync

James

Restarting the wallet didn't help.. No idea what's going on :/

ImmortAlex

hero member

Activity: 784

Merit: 501

Send small amount to mcjavar (txid 14567541224881332002).
Hope someone will send much more to help you promote our lovely child.

mr_random

legendary

Activity: 1344

Merit: 1001

Quote from: rickyjames on December 29, 2013, 09:13:19 AM

Quote from: laowai80 on December 29, 2013, 07:03:06 AM

Quote from: rickyjames on December 29, 2013, 07:00:29 AM

Quote from: dzarmush on December 29, 2013, 06:54:54 AM

Turned out it's the DGEX reserve account with 75 mil Cool

What is your source for this statement? If true, it totally invalidates salsacz's video claim that 30% of NXT has changed owners in 21 days or my analysis that 20% had done so thru Dgex in 30 days...

why would it invalidate anything?
reserve account doesn't mean DGEX necessarily owns all of NXTs in it, it's just users of DGEX store their NXTs there, it's their trade money.

Same goes for bitcoin exchanges, some of the biggest bitcoin wallets are actually exchanges' wallets with thousands of users owning bitcoins in those wallets.

If it's still in storage at DGex it hasn't changed hands yet on the exchange and still belongs to the depositor. It can't be counted as NXT that has found a new owner yet until it's actually sold.

We don't know what fraction of that 75 million belongs to buyers and sellers. If I deposit 1 million NXT, sell it on dgex, and the person who bought it hasn't withdrawn it from the exchange it will remain in the dgex reserves. Yet the 1 million NXT is now belonging to and controlled by the buyer not the seller. etc

jl777

legendary

Activity: 1176

Merit: 1134

not the book of genesis, the "block of genesis"

0.01 BTC is simply the point where NXT market cap and BTC market cap are roughly the same. Actually it is trending toward 0.02 BTC as more and more BTC gets mined, but I use 0.01 to have some room.

NXT is better than BTC in many ways.

NXT is extensible. BTC is like compuserve. It wasn't extensible. NXT is like the internet, very extensible. How many of you remember compuserve?

NXT pays a dividend and allows for a calculation of lifetime future cashflows,which in turn allows value investors to consider NXT. BTC will never pay a dividend, BTC is for speculators. NXT is for intelligent investors.

BTC is established, NXT is not established yet. By communicating the truth about NXT and BTC, smart people (who tend to have a lot more money than people not so smart) will invest in NXT. Speculators will start selling their BTC to buy NXT.

I see it more as an inevitable shifting of assets tied up in BTC to NXT combined with new smart money coming into NXT.

James

landomata

legendary

Activity: 2184

Merit: 1000

Quote from: guZ on December 29, 2013, 09:14:24 AM

For all android users, by installing "meta widget" on android,you can easily create a widget showing the price from www.dgex.com. I did it on my phone, took only 5 minutes, unfortunately i cannot copy it and post it, need to be done individually.
heres a screenshot:
https://dl.dropboxusercontent.com/u/2139172/Screenshot_2013-12-29-16-07-44.png

+ 10

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: landomata on December 29, 2013, 09:11:49 AM

its from the block of Genesis

I see

guZ

newbie

Activity: 3

Merit: 0

For all android users, by installing "meta widget" on android,you can easily create a widget showing the price from www.dgex.com. I did it on my phone, took only 5 minutes, unfortunately i cannot copy it and post it, need to be done individually.
heres a screenshot:
https://dl.dropboxusercontent.com/u/2139172/Screenshot_2013-12-29-16-07-44.png

pinarello

full member

Activity: 266

Merit: 100

NXT is the future

Quote from: Come-from-Beyond on December 29, 2013, 07:25:03 AM

Quote from: EmoneyRu on December 29, 2013, 07:01:51 AM

Quote from: rickyjames on December 29, 2013, 07:00:29 AM

Quote from: dzarmush on December 29, 2013, 06:54:54 AM

Turned out it's the DGEX reserve account with 75 mil Cool

What is your source for this statement? If true, it totally invalidates salsacz's video claim that 30% of NXT has changed owners in 21 days or my analysis that 20% had done so thru Dgex in 30 days...

https://nextcoin.org/index.php/topic,1658.msg15160.html#msg15160

In 10 years Graviton could say:
- I recall times when I had 7.5% of all world wealth in my pocket...

make it 5 years Cheesy

utopianfuture

sr. member

Activity: 602

Merit: 268

Internet of Value

I nominate jl777 to be the official historian of the Genesis book and NXT movement. "Once upon a time, when the world is full of powerful and corrupted centralized organizations ..."

rickyjames

full member

Activity: 196

Merit: 100

Quote from: laowai80 on December 29, 2013, 07:03:06 AM

Quote from: rickyjames on December 29, 2013, 07:00:29 AM

Quote from: dzarmush on December 29, 2013, 06:54:54 AM

Turned out it's the DGEX reserve account with 75 mil Cool

What is your source for this statement? If true, it totally invalidates salsacz's video claim that 30% of NXT has changed owners in 21 days or my analysis that 20% had done so thru Dgex in 30 days...

why would it invalidate anything?
reserve account doesn't mean DGEX necessarily owns all of NXTs in it, it's just users of DGEX store their NXTs there, it's their trade money.

Same goes for bitcoin exchanges, some of the biggest bitcoin wallets are actually exchanges' wallets with thousands of users owning bitcoins in those wallets.

If it's still in storage at DGex it hasn't changed hands yet on the exchange and still belongs to the depositor. It can't be counted as NXT that has found a new owner yet until it's actually sold.

landomata

legendary

Activity: 2184

Merit: 1000

Quote from: Come-from-Beyond on December 29, 2013, 09:08:06 AM

Quote from: jl777 on December 29, 2013, 09:00:41 AM

In the beginning there was BCNext...

Is it from The Book of Genesis?

Hahaha, man, u made my day!

its from the block of Genesis

landomata

legendary

Activity: 2184

Merit: 1000

Quote from: ?? on ??

...and the Prophet jl777 said:

"Let us assume that in 3 years, NXT is trading at 0.01 BTC,"...

lets hope it's 1.01 BTC instead

user1922

newbie

Activity: 31

Merit: 0

Quote from: ZeroTheGreat on December 29, 2013, 08:57:06 AM

Quote from: ?? on ??

Why not hold 80% of all NXT in the genesis account and release that as transactions fee's in the coming 10-30 years? Seems a LOT fairer to me.

Go to church. Really.

And without jokes:
1) Why stakeholders took risk, but much more people'd be granted for this? No sense.
2) That action'll turn Nxt to MUCH less secure system. Every second there'll be the risk Genesis account's owner can compromise whole system, forging bad blocks. I prefer to not give such unhealthy potential to any man. U suggest center, but most of cryptoguys strongly disagree including me.

I do not understand why I am being attacked here. Go to Church?? Is that your response to legitimate questions and proposals?
jl777 thinks I want NXT for free and without doing work so he surely is not reading what I am writing.
I will stop this discussion as I am clearly not meeting the intended audience here.

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