Topic: NXT :: descendant of Bitcoin - Updated Information - page 2040. (Read 2761645 times)

Thank you very much stranger in helping me pay for the expenses. If anyone would like to help, please feel free to do it. The more Nxt I get, the more marketing I will be able to do for Nxt. I am planning creating t-shirts with Nxt logos on them to give away on the conference as well as some biros or pendrives with Nxt slogan on them. Please help me to spread the word and help Nxt to succeed.

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Is it from The Book of Genesis?






Hahaha, man, u made my day!

+1

user1922,

In the beginning there was BCNext who decided to give away millions of dollars worth of software to 71 randomly self-selected people, known as the founders.

The founders had no idea what a gift they were going to get, nor the responsibility.

Since it was BCNext who created NXT, who is anybody to say he did it fairly or unfairly. It was his to giveaway as he saw fit. He did.

Is it fair? Is it unfair? Seems to be a pointless question to me. It is done, can't undo it.

Just what is the responsibility of the founders? Should they just give away everything for free or calculate what a fair return is on their 1BTC and give away everything above that?

NXT is a meritocracy. The founders had merit because they found the obscure NXT thread (I didn't), the followed it, and followed through with sending in BTC.

NXT is in the early adopter stage. Let us assume that in  3 years, NXT is trading at 0.01 BTC, everyone who is an early adopter is getting it at <0.0001 BTC. How unfair is that to everyone else?

Knowledge is power. Knowing about NXT gives a person the chance to decide whether he wants to participate in its distribution at current market prices.

How much fairer can you get?

This forum is not censored, anyone can post repeatedly, even people like yuriygeorge. Everyone can take the time to read the posts to find out what is going on. No more excuse about being an obscure thread as it is the longest active thread. Of course, people will start complaining the thread was too long and they couldn't bother to spend the time to read it all.

So unfair. Lazy people will miss out on buying NXT at current prices and will have to wait until it is easier to get.

James

You could also check bandwidth costs, as these are a significant factor with AWS, especially if you are allowing inbound traffic on port 7874 (which I guess you should be).

For me, AWS is good for trying things for a few hours, but not long term.

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.

+1

Olimpiata,

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

James

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

zerothegreat,

I am sure everybody understands there are risks. There are no places to put your money without risks. I am not advocating that everybody should sell their homes and buy NXT with the proceeds.

As long as people understand what NXT is and have a proper timeframe, measured in months or even years, and that there are risks, that is what is important.

Best to underpromise and overdeliver.

The purpose of all investments is to make more money, or at least protect it from devaluation. I have not seen anywhere anything to the contrary. People tend to want money because it is money. NXT community is not purely profit driven, as there are many volunteers who are putting in a lot of hours, relative to their stake size. A lot of us feel that we are part of something big, something that will transform the world for the better. To some, that is more important from money, but money is good too.

James

 

Hilarious 

No worries ...i agree with you 100%

Offtopic: Apparently I hit a sensitive issue here..

I do not make any assumptions or calculations about it's current value.
I am simply trying to address the distribution. That has little to do with it's value.
I am in the 'greed is good' camp as I think rewards get ppl off their asses and create value where there was none.

I am also NOT asking for free handouts, I am already running a few hallmarked nodes. For free... So do not accuse me of trying to get a free lunch here. Unlike some ppl I do not need a donation to setup a node, I just help any way I can.

I am simply struggling with the concept of the 100% POS system and a means to have a fair distribution.

landodata,

sorry got confused as to who was whining

As a community we want intelligent people who understand the long term picture of what NXT is. There will certainly be bumps in the road, both from internal and external issues.

NXT is a totally new code base, not just a cut and paste of bitcoind, anybody that thinks there won't be any technical problems is an optimist. Possible certainly, even likely, but we all need to be prepared for some bugs as the dev team keeps integrating more and more features on top of each other.

James

user1922,

Do you believe that NXT currently has namecoin functionality?

If so, what discount to namecoin should NXT be trading at. Certainly a case can be made for a discount due to network instability, alpha software etc. What premium factor should NXT have.

I would like to understand your math regarding what the proper value of NXT should be. Start with namecoin market cap, discount based on unproven nature as of now, premium based on potential.

Please show me the math.

James

P.S. We can't help that BCNext and his team keep adding incredible value at an incredible rate. If you hit an oil gusher, do you complain about how much oil is coming out and that it isn't fair since you only spent a little money on drilling? Stop being emotional and start being logical.

James...slow down pls....I was counter arguing against the guy in favor of the current setup.


P.S...I bought my stake a long time ago from Dgex

Where certificate for 7875 is kept? We can use StartSSL™ Free for our servers

landomata,

just what exactly is happening when NXT is sold, via forum or exchange?
If that is not distribution,what is?

Are you expecting a handout? I think there was someone giving out thousands of DOGE or some such coin. Why not go ask for some handouts there?

NXT is a serious coin, it will be sought after by value investors since NXT is the first crypto that has dividends built in. If you want handouts, beg for DOGE/CAT, etc. If you want a long term growth investment that pays dividends along the way, just buy some NXT now.

Prices are still significantly below what they will be, at least if you believe that NXT will actually do the things it claims it will do.

Read, learn, decide, act. If you don't like how NXT was created, you can create your own version in a few months and you can just get all 1 billion yourself. NXT is far more than some random coin. In a few weeks enough people have understood this to push its value and volumes to be close to namecoin. Since it has namecoin functionality,this makes sense.

Since you don't like how NXT was created, why not put your money into namecoin. Just don't complain when namecoin doesn't keep adding new features everymonth, but at least you get to rest easy knowing the petahashes being wasted on making new namecoins.

James

No, I disagree: both sides wanna make some profit (from all collected data, it seems more like long-term rather than pump'n'dump). As I do, when I'm looking at businesses. "Greed" in my mind interpreters as bad-managed risks. May be there's some greed, why not? Not everybody manages risks optimal, neither do I.