Author

Topic: NXT :: descendant of Bitcoin - Updated Information - page 2041. (Read 2761645 times)

full member
Activity: 143
Merit: 100
newcn,

you need to ripple send to the exact address given to you on the page, including the ?dt=...

James

sent!
thank you for your help
hero member
Activity: 492
Merit: 500
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.

This would make Nxt less secure. Google "proof-of-stake" and read Sunny King and Balthazar.

If all coins would be created at once, but held in the Genisis account I do not see how that will reduce security?Huh The only difference is WHO holds them.

I did not mean that transactions would become free, but you could also have chosen to have the sender pay a fee AND add 1 NXT from the Genesis account. This would not reduce security and it would distribute NXT at the same time to the ones contributing to the NXT network.

It would mean centralization & freicoin has a similar (foundation) concept and it was crucified for that. Also you would still have rich people buying all the coins and forging most of fees. Just like there are rich people today buying  ASICs and mining most of bitcoins. It's how universe works.
newbie
Activity: 31
Merit: 0
Has anybody claimed NXT would be a CHARITY when the idea was presented?!?!?   Huh

Please point me to such claim because I am having difficulty understanding where some people are coming from.

I am coming from the camp that is weary of all those me-too, get-rich-quick Alt-Coins. I do not claim NXT is one of those. But the way it is setup now does raise some valid questions. Maybe you are so blinded by profit that you are unable to discuss this in a civilised manner?

I am all for-profit, I am in the camp 'greed is good' believe it or not. But it all seems a bit too soon, too fast. Value has risen on the compilation of the feature list, not on it's implemented features. I am actually volunteering to aid in development as I do like the list. But I am also well known with the fact that implementation takes time. I guess we will find out Jan 3rd.
legendary
Activity: 2142
Merit: 1010
Newbie
If all coins would be created at once, but held in the Genisis account I do not see how that will reduce security?Huh The only difference is WHO holds them.

I did not mean that transactions would become free, but you could also have chosen to have the sender pay a fee AND add 1 NXT from the Genesis account. This would not reduce security and it would distribute NXT at the same time to the ones contributing to the NXT network.

Unfortunatelly, this is the same as subsidy of 25 BTC in Bitcoin. To overcome security flaws u have to add proof-of-work.

PoW in 100% PoS? Well, someone should definitely try this... Smiley
hero member
Activity: 644
Merit: 500
I am using it to specifically mean the securities analysts meaning.
Buffet's startegy worked out very well, but as far as I know no Nobel prize in economics so far. In my estimation value of most assest stickly connected with mass psychology and mentality (it can change fast). Nxt (and NXT) is no exception.

Product or service is always worth as much as others willing to pay for it. Dynamic equilibrium (in case, if free market exist). No "fair" or "real" price, Just price.
legendary
Activity: 1176
Merit: 1134
user1922, trefifund, etc

How is it that BCNext's giving away millions of dollars worth of software somehow turns the lucky founders into greedy people?

If you are given a winning lotto ticket for $1, how would you feel if people started calling you greedy because you don't sell it for $10. After all that is 10 times gain of what you paid, certainly more than fair isn't it?

What, you would want to get more than $10? Let's say it is worth $10,000 how much would you sell your ticket for? What does it matter what you paid for it? It is worth what it is worth. BCNext created the value so it was his to give away. The founders received it and the vast majority of them have been doing a fantastic job not only selling it at below what they know it will be worth, but actually simply just giving it away. Not to mention totally disrupting their lives. They never realized what would happen when they sent the 1BTC in.

For anybody who complains that the founders aren't selling their NXT at ridiculous discounts to what it is worth, please tell me what you would sell a $10000 lotto ticket for, the one you were given by someone else for $1.

James




legendary
Activity: 2184
Merit: 1000
Quote
I did not mean that transactions would become free, but you could also have chosen to have the sender pay a fee AND add 1 NXT from the Genesis account. This would not reduce security and it would distribute NXT at the same time to the ones contributing to the NXT network.
Hey man, you're talking out of my soul

how can the sender pay fee's when he has none....Nxt needs to be distributed before it can be spent.


newbie
Activity: 14
Merit: 0
Quote
I did not mean that transactions would become free, but you could also have chosen to have the sender pay a fee AND add 1 NXT from the Genesis account. This would not reduce security and it would distribute NXT at the same time to the ones contributing to the NXT network.
Hey man, you're talking out of my soul
legendary
Activity: 1176
Merit: 1134
newcn,

you need to ripple send to the exact address given to you on the page, including the ?dt=...

James
newbie
Activity: 31
Merit: 0
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.

This would make Nxt less secure. Google "proof-of-stake" and read Sunny King and Balthazar.

If all coins would be created at once, but held in the Genisis account I do not see how that will reduce security?Huh The only difference is WHO holds them.

I did not mean that transactions would become free, but you could also have chosen to have the sender pay a fee AND add 1 NXT from the Genesis account. This would not reduce security and it would distribute NXT at the same time to the ones contributing to the NXT network.
full member
Activity: 182
Merit: 100
NXT.org
It would not be fair to steal back the NXTs, are you crazy?
They were lucky and got in on the deal. Sadly a lot of them are greedy as hell and don't contribute at all to the community and let's us do all the hard work. But that's the nature of business I guess, we might be able to change the system, but not the users of said system.
hero member
Activity: 492
Merit: 500
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?

Are you talking about bitcoin?  Grin

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.

You can buy it on dgex with no problem? But you want it for free/nothing? That seems greedy to me.

legendary
Activity: 2142
Merit: 1010
Newbie
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.

This would make Nxt less secure. Google "proof-of-stake" and read Sunny King and Balthazar.
legendary
Activity: 1512
Merit: 1004
Dont know why there are so many red flags in my acitve peers and Orange flags in know peers.
Just ignore them or take some action?
Thanks.
newbie
Activity: 14
Merit: 0
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.

I second that!

Quote
Why not hold 80% of all NXT in the genesis account and release that as transactions fee's in the coming 10-30 years?
Great Ideas
newbie
Activity: 31
Merit: 0
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.
full member
Activity: 143
Merit: 100
ra9eZxMbJrUcgV8ui7aPc161FgrqWScQxV?dt=12/29 is the peercover ripple gateway trust add, you send the NXT to that acc, then peercover will send  
NXT to your NXT ACC.  It shoud take about 1 day I think.

Thank you, I see Grin
hero member
Activity: 566
Merit: 500
In 10 years Graviton could say:
- I recall times when I had 7.5% of all world wealth in my pocket...
Hah, I take that as a statement of ultimate optimism justified even with the past tense Smiley
Jump to: