Topic: NXT :: descendant of Bitcoin - Updated Information - page 2049. (Read 2761645 times)

please get with me, I can help with your VPS issue.  I am running 8 very high performance VPSs and I could use your hallmark if your account balance is very high.  Im not an original stakeholder with millions and milllions of n NXT and my VPSs would really shine if they had a very heavily weighted hallmark

Your first words to me were.

You know nothing about me, and yet your first comment was basically

"wow, I'm speechless, I just read aldrin's post - where does that guy get off - all he's doing is selling his NXT and he wants a medal! GET ACTIVE ASSHOLE, like me (utopianfuture). NXT wont survive unless you're visible, like me (utopianfuture)"

You're the angry one! I feel great!!

edit: and I'm active, and will be in the future, so you're original assumption is false, and your tone was rude (but I'm not angry)

ZeroTheGreat,

Have you read Fundamental Analysis? Have you followed Berkshire Hathaway?
I mean fundamental value using Buffet's definition of lifetime future cashflows. Are you saying that NXT has no forging payouts?

If NXT has forging payouts, then it has future cashflow. The only issue and maybe this is what you are saying that since the payout is in NXT, that all future cashflows are potentially without value? I admit, I haven't worked out the conversion from lifetime future NXT to lifetime future cash, but since we are mapping NXT to fiat and we all know what fiat is actually worth, I think there is most definitely a non-zero mapping of lifetime future NXT from forging to fiat.

I am talking about math here. Not opinions. What is your math that says that there is no fundamental value to NXT forging?

James

url?

Devs can add Java installer to client installer file. So there'll be more of "Next" button.

I do not. Nothing fundamental, no warranties, but something brand new and great potential. There're risks altogether. That's my point of view.

Wiser and Newbie
I had all the same problems until I modified the xml file in the root subdirectory. There is a list of host IP addresses, not sure of latest one as I am on my travel laptop, but you put that in. Restart and it worked for at least 3 days before the memory leak killed it. Jan 3rd should have the 4.8 release with bug fixes to make it more stable.

James

This screenshot looks good.
But I mean, just double-click to start the nxt client as bitcoin client. And does not require pre-installed java.

seem to have a huge amount of problems getting the nxt program working, works most of the time then gets random errors that break it. I have deleted the blockchain and transaction file and restored the backups, cleared cookies, closed browser, and shut down java, still getting this error: java.lang.nullpointerexception
any help? 

Please explain why BCNext threatened to leave ? He did it once and he could do it again. No elephant here. I did not ask you to donate or share or distribute your property. I would never ask anyone something like that. I asked you to be more active because of NXT cause and BCNext.
Is that too much to ask you for something making you a millionaire? Isn't it the message BCNext sent?

Why do you seem to be angry? I am simply stating the facts. Nxt at the moment is a very small community, volunteers works with others a lot here and at nextcoin forum. If you feel like you have done your part, then fine. We will leave it at that.

Zerothegreatest,

NXT does have fundamental value. It is the first crypto that pays dividends. Please do not underestimate this. To a lot of investors anything that doesn't pay interest is a speculative growth stock. Nevermind mind companies like MSFT, GOOG, etc all start as the speculative growth stocks without any dividends.

NXT is paying out dividends however small right from the beginning.
Yet, I had to figure this out on my own and between fighting with rewinding blockchains, memory leaking java clients, etc. I could have easily missed the significance.

If we want NXT to achieve bitcoin marketcap, does anybody want that?, then this is the way to go. I know I am not the smartest guy around, especially on a forum like this and I would love to hear any other differentiating feature of NXT that will pull in BIG investment money from long term investors.

Please we need something. Anything is better than nothing and first interest paying crypto is a pretty good start. Please help improve this. We are distributed. No structure so the best idea wins. My idea is to present NXT truthfully and conservatively.

I do not want a roller coaster ride on the NXT price.Too much stress. Ideally it goes in a straight line from where it is to its future price. Unfortunately that is not possible. So let's copy Warren Buffet. I am just telling everyone what he already did. He also wanted long term investors. He didn't want the speculators. So he simply published what he estimated the value of his company shares. The market didn't often disagree with his estimate. Reading the Berkshire Hathaway annual reports is a treat.

So if we all concentrated on maximizing the lifetime future cashflow of NXT forging, that will reflect in our estimated valuation of current NXT, which in turn will prevent speculative bubbles.

NXT, the crypto Warren Buffet would invest in.

James

Can I recap this as that next to the technological aspect, we need "story"?
If so, I agree.

Also, I'd like to add that I do not think (how would I know?) you are overreacting. I don't know you, and communication via text is always tricky. I just like to make my arguments sharp to see if I am "getting" what someone is saying. So thanks for clearing it up

No such thing. Same with fairness. All things in the world are relative. Value's pretty relative to scenario happening around asset. Today Bitcoin worth. Tomorrow? We'll see.

I don't know if this is the right thread, but I'm not getting the response I need from the Nextcoin forum so here goes:

I tried to install the "program" so that I could use a NXT wallet several weeks ago. At first it looked like it was working, but then it became obvious that I couldn't send anything. I followed advice and modified some things, then I couldn't even open my wallet.

This evening I tried removing all the stuff from my hard drive and following the directions to install the program all over again. I tried to follow the steps but along the way things often don't go as expected. Anyway, now I can't open anything. The local host won't work, when I run the start.bat file, it doesn't run as expected.

I'm actually really concerned about this because I bought a bunch of NXT so that I could have a nice balance in my wallet to get in on the forging thing, but I was not able to open my wallet to see if my purchased NXT even made it there.

I would really, really LOVE it if someone who knows how this works could message me and walk me through it via skype or something like that. People put suggestions for modifying this or that, and most of it I don't understand. I'd also LOVE it if the program could be installed in one step like those wizards they have on most other software. Either way, though, I really need to get this working and I need someone to talk me through it, and possibly help me clean out old attempts from my system.

Can someone please help?

Thanks!

damelon,

I am not trying to overreact, I am trying to patch a hole in the NXT story that is told on the wiki and everywhere. Nowhere does it mention that BCnext basically gifted millions of dollars to the founders. While it might not bother you, all it takes is for it to bother one writer at a major outlet and all of a sudden a million people are convinced NXT founders are greedy.

WHY do we need to take that chance when all we have to do is add the BCnext donation to the current story. It is true isn't it?

With a starting baseline in the millions, it is similar to a VC backed company that hits the bigtime with an IPO. Make the founders like the employees of an IPO with multimillion dollar backing. That is a much more believable story than 21 BTC turning into 100 million market cap. That is just such a large percentage that the yuris of the world will latch onto it and what good does that do us?

Please just update the wiki and we can change the conversation to all the other positive things as I doubt the "greedy founders" rhetoric will get much traction, especially if the approve the non-founder dividend.

I've been involved with Ripple and before they got their WCG giveaway, they had a lot of the same issues. Now they are helping to cure cancer and AIDS and the complaints about their proof of stake origins are much less. NXT needs to change the current way it explains the genesis event

Think of it as a bug that just needs to be fixed. Please fix this bug, wiki peoples.

James

I'm running 2 nodes, I'm reading A LOT of NXT forum threads trying to learn how to setup nodes on Ubuntu VPS's - that's a huge leap for me requiring many hours. I'm keeping up with what's going on by reading the volumes of posts in the various NXT forums - that's many hours too.

I'm not Richard Branson with a private jet and personal staff. Maybe I'm a sick old lady in hospital with a bad back - you don't know enough about me to judge the merits of my activity levels.

BCNext doesn't expect anything from me - it's you!!

I'm not able to contribute to technology discussions (but I'm reading every word many many times), and marketing/promotional stuff is not something I can help with (life circumstances prevent that). You seem to be saying I'm not pulling my weight to help NXT, but you don't know anything about me.

I think you do envy me, and it's making you behave rudely towards me

I contributed back in september when I started following NXT, and I've read every forum post since, and I've learnt a lot.

What's the elephant in the room?

I've got a big stake and I should be donating lots to help NXT

How do you know I'm not?

What are you doing for NXT and why? I know what I've done, I know what I'm doing, and it's very early days.

I agree, let me know if there is anything I can do to help. Although, I'm not so sure about just handing out free NXT to everyone, as we'll kind of end up like a ripple (if you notice, they have a large marketcap, but really no volume to back it up. NXT has huge volume for a new coin, so I think we're doing well in that aspect).

Someone earlier noted that at least 25% of all NXT has passed through DGEX, not counting private transactions, which is great for a 1 month old currency. We have multiple faucets (which I have also donated to) to help people get started.

But perhaps share your idea? Or if you don't want to publicly state it, PM me.

Disagree. NXT is not about forging or dividend to the hoarders. Fee is going to 0.01 soon, for vast majority of accounts the forging income is minimal.

I would also mention that NXT rewards participation. I think you can reach many people/groups with the positive message that contributing is being rewarded.

Has anybody heard of Warren Buffet? He wrote the book Fundamental Analysis. Not exactly a page turner, but he did all right following the principles in his book

In my opinion all of the NXT tech is fantastic no doubt, but what really sets it apart is that it actually pays interest. I have been lucky enough to forge a few blocks and it was when I actually saw new NXT appear in my account from forging that I realized how BIG NXT WILL BECOME!

What is the most money people have made from bitcoin other than from buying or selling it? ZERO, 0%, nothing, nada, zilch. The fundamental value of bitcoin from a fundamental analysis basis is, zero.

NXT is currently paying out a super small percentage and I haven't quite figured out what its real world normalized interest rate it. Since forging revenue is paid in NXT, it is like an automatic DRIP (dividend reinvestment program). this means that the interest will compound. More importantly the upcoming releases will dramatically increase the transaction fees and the effective interest rate.

I want to position NXT as the first crypto that has a positive yield, of course need to put it into laymans terms. this means NXT is the first and only crypto that Warren Buffet would consider investing in, though he did buy something like 20% of the world silver supply, so he must have his exceptions.

NXT fixes all of bitcoins flaws. It is wonderful. Its potential is like the potential the Internet had back when all you could do was send email on arpanet. NXT implements a low level protocol that allows application layers to be built on top of it and run in parallel with each other. Each application will add more transaction fees, which increases the fundamental value of NXT.

I would like to suggest to nexern that he update his blockchain explorer page with the most recent fundamental value that we calculate. This is a critical first step toward establishing NXT as the crypto for everyone to invest in.

James