Topic: NXT :: descendant of Bitcoin - Updated Information - page 240. (Read 2761645 times)

Anyone had issues "mining" Nxt? I have been mining at http://www.p00l.org/ for about 2 days now. My account shows up under the Online Users tab, but it's never shown up under payouts. Have I not given it enough time?

I also tried another miner at http://hashrate.org a couple hours ago and nothing under the hashrates 10 min avg...which says give it 10 minutes.

Am I doing something wrong?

Sorry -- I should be more clear.  You can set prices for assets in Nxt, yes, but there's nothing stopping anyone from building a system on top of the AE that automatically converts/arbitrages for other currencies.  At that point, the price in Nxt can be hidden completely.  As an analog, think of the way enterprising folks have made Nxt "minable" at hashrate.org and p00l.org.  Suddenly our lightweight PoS coin is subject to the same PoW arms race as every other currency -- for better or for worse. 

If someone creates a system, and the market prefers that system, then that system wins regardless of your wishes or desires.

I'm not saying I'm a fan of this.  I'm just acknowledging reality.  Now is a good time to plug my new favorite book: "Who Owns The Future?"

"Controlled" and "decentralized" don't mix, outside of the basic primitives that define the system (i.e. the blockchain and transaction model).  It's impossible to predict what the market will create on top of a system like Nxt.  BCNext has a vision for Nxt, but he's gone and nobody is forced to adhere to any part of his plan.

The BEST example of this, right now, is the "mining culture" for Bitcoin.  If Satoshi knew that his creation would result in massive centralized CPU farms burning $17 million in electricity per day, he may have had second thoughts.  Now that Pandora has unleashed this model unto the world, though, it is here to stay.

I think you meant in the initial phase you can also take Bitcoin and then distribute the assets like you want. (e.g. for a company)

But after this point if you wanna trade them on the AE you can only do it with NXT.

@joefox - would you please elaborate on your previous statement of "you can't control this" ?  

How would it be not only nxt? Only nxt are accepted on nxt blockchain.  

Still: Only NXT.

I understand that the EXCHANGE FEE will be NXT.  Is there any way to limit things so ONLY NXT can be used as PAYMENT FOR THE ASSET ITSELF?

Why would we allow any other competitor coin to be used in asset payment on our own system?

The NXT AE only accepts NXT natively. Every buy/sell order will cost NXT, no matter what.

Pandaisftw

I have exposed uncertainty and confusion.  My job here is finished.  Please continue clarifying, and bitcoinpaul, I HOPE YOU ARE RIGHT!

Why would we create a platform that allows our competitors to gain ground at our own expense?

On the AE, you can set prices for Assets, right?

This is no survey

Sorry, but you can't control this!

agree

Only Nxt.

+1

I'm not from Berlin.

Dear All,

a german journalist contacted me. They want to bring something in the german TV about Altcoins and Mining. He is from Berlin, so it would be good it we found somebody in this region, who would be interested to participate und probably say some nice words about Nxt. So if you know somebody who is willing to this please let me know! Would be a great opportunity to bring Nxt in the media.

Best regards

Hugo

Fixing the wiki now!

Can someone answer vruz and point him to the source? https://twitter.com/vruz/status/446440009982545920

source is here as we all know  : https://bitbucket.org/JeanLucPicard/nxt/src

I don't have twitter  

And can a contributor correct this?: http://wiki.nxtcrypto.org/wiki/FAQ#Why_isn.27t_the_full_source_being_released.3F

"Why isn't the full source being released?" shouldn't be a question in the wiki

Thanks a bunch!

See my previous post. In BTC/Day per MH:

hashrate.org: 0.00501 BTC/day per MH (calculated with 1 NXT = 0.00006 BTC) for comparison
clevermining.com: 0.00521 BTC/day per MH.

This is only a rough estimate with only 17h of mining. I will update tomorrow.

Stupid question time.  Soon we are going to go live with asset exchange.  When we do, will NXT be the preferred (or even only) currency to use in purchasing an asset?   Is it even possible to do something like this?

I really worry about Bitcoin or even Litecoin or Doge being used more than NXT itself as a form of payment for all of these assets that are about to be traded.  It just seems like we are missing a golden opportunity here.  From my point of view the ideal situation would be for all the altcoins to trade among themselves, but have AE force the use of NXT and not any other altcoin to purchase a tangible non-altcoin asset.

Letting another altcoin besides NXT be used as payment in the NXT exchange ecosystem is good because...