NXT :: descendant of Bitcoin - Updated Information - page 2447.

inkadnb

member

Activity: 126

Merit: 10

Quote from: bizz on December 05, 2013, 11:11:49 AM

After only few days of exchange existence:

Total Volume: 17391711.01 NXT (176.2652 BTC) http://dgex.com/trading.cgi

+ alot more traded on forums.

What is the problem?

That's 1% of the coins. That is, only about 1% of the coins have been redistributed on the exchange.

inkadnb

member

Activity: 126

Merit: 10

Quote from: klee on December 05, 2013, 10:56:58 AM

Satoshi did not distribute his 1M coins if I recollect correctly..more than 1/5 of total btc at the time!

Satoshi didn't know that BTC would become an actual currency, in fact, he thought at best they would be used as "trust points" or some other arbitrary thing. When he handed the project over, the value of his coins wasn't very high either.

Furthermore, your point is even more invalid since Bitcoin is PoW, anyone could mine coins regardless of what they had.

WE CANT MINE COINS WITHOUT COINS IN NXT, it's THAT SIMPLE.

bizz

hero member

Activity: 492

Merit: 500

After only few days of exchange existence:

Total Volume: 17391711.01 NXT (176.2652 BTC) http://dgex.com/trading.cgi

+ alot more traded on forums.

What is the problem?

klee

legendary

Activity: 1498

Merit: 1000

I will write what I believe in a while, now I am very busy!
Sorry...

ImmortAlex

hero member

Activity: 784

Merit: 501

Quote from: klee on December 05, 2013, 10:56:58 AM

Satoshi did not distribute his 1M coins if I recollect correctly..more than 1/5 of total btc at the time!

Unspended coins (about a half AFAIK) is the big problem of Bitcoin too. They are just dangerous and can lead to unpredictive instability.

Kontakt

sr. member

Activity: 266

Merit: 250

Quote from: klee on December 05, 2013, 10:56:58 AM

Quote from: inkadnb on December 05, 2013, 10:52:42 AM

It's simple, by hoarding coins you hurt yourself because the Nxt economy is static and worthless.

So stakeholders, by buying coins you made a commitment to use them, we all have a duty to make an impact. Stakeholders have the potential to make the biggest impact.

Pretty much the only stakeholder I've known and seen very actively spreading his distribution is bybitcoin. Not to mention, I'm 100% sure bybitcoin has already made a profit on his coins. So what's the risk? If you have 40 million, sell 20 million. That 20 million you sell is HELPING you. Hoarding it does nothing for you but kill this coin.

That's all I have to say.

How much do you believe investing in this coin? Prove it by buying - else move to another coin.
If you had read enough you would see that a lot of early adopters sale/redistribute their wealth with bounties/giveaways.
Satoshi did not distribute his 1M coins if I recollect correctly..more than 1/5 of total btc at the time!

I believe the system is sound, but I will not finance a coin that may fail because of its holders. How much do you believe in the coin? Do you believe that people will buy into it based on its own merit and not because they see a good chance of profit?

plasticAiredale

full member

Activity: 207

Merit: 120

Quote from: klee on December 05, 2013, 10:47:38 AM

Quote from: plasticAiredale on December 05, 2013, 10:46:23 AM

Quote from: mcjavar on December 05, 2013, 10:38:07 AM

Quote from: laowai80 on December 05, 2013, 10:34:35 AM

Don't worry about distribution, it has only just started. The top holders will sell some of it eventually if the exchange rate keeps falling for some time, in the end the exchange rate will find a support level, even if it's 100x lower than the current rate. By that time the coins will be nicely distributed. The more important thing now is to build some infrastructure - fully automatic exchange would be nice, direct conversion to and from fiat would be nice.

But till that time our job, trying to promote NXT, will be worthless as people will get disappointed. It is the most important to get the support of the community!

I agree. We need giveaways of tens of thousandths of coins, very few people want to buy coins of an unknown weeks old project, no matter how good the idea. I bought, but $300 isn't enough to generate a block in 30 days, that is quite disappointing. I like the idea, and plan on sticking around, but as an early adopter is seems strange that the very top account holders seem to be missing in action. I don't want to sound like I have the right to tell someone what to do with their money, but I would hope they realize that distributing their coins now would be a great idea.

~~Buy~~Preorder asics.

I don't understand this response..it's a bit abrasive; which I suppose is just your personality... but I'm not attacking NXT or the people that invested early on. They risked their own money, and deserve to profit from it. But if they wish to greatly profit from it, maybe they should think about what a lot of the early adopters here are saying. It's a hard sell to get people to invest in this at the moment. Satoshi didn't need giveaways because everyone already had the mining hardware. NXT's mining hardware is the coins themselves, and it would be a good idea to get the hardware out to more people, that's all I'm saying.

inkadnb

member

Activity: 126

Merit: 10

Quote from: klee on December 05, 2013, 10:56:58 AM

Quote from: inkadnb on December 05, 2013, 10:52:42 AM

It's simple, by hoarding coins you hurt yourself because the Nxt economy is static and worthless.

So stakeholders, by buying coins you made a commitment to use them, we all have a duty to make an impact. Stakeholders have the potential to make the biggest impact.

Pretty much the only stakeholder I've known and seen very actively spreading his distribution is bybitcoin. Not to mention, I'm 100% sure bybitcoin has already made a profit on his coins. So what's the risk? If you have 40 million, sell 20 million. That 20 million you sell is HELPING you. Hoarding it does nothing for you but kill this coin.

That's all I have to say.

How much do you believe investing in this coin? Prove it by buying - else move to another coin.
If you had read enough you would see that a lot of early adopters sale/redistribute their wealth with bounties/giveaways.
Satoshi did not distribute his 1M coins if I recollect correctly..more than 1/5 of total btc at the time!

I did buy some, and I didn't know about NXT back in September.
I'm contributing as much as I can by:

Buying what I can.
Staying active in this thread. Promoting in other threads, having it as the only thing in my sig.
Keeping one of the largest bootstrap nodes (http://nxt.c4c.io) active and up to date.
Developing an alternate client.

klee

legendary

Activity: 1498

Merit: 1000

Quote from: CoinBuzz on December 05, 2013, 10:56:47 AM

It would be better if 1Billion coins did not minted completely. Maybe around 100,000 of them minted in genesis block (for giving away and spread the coins) and the others mine with POS. In this regard because total number is small, people with small coins can mine too and involve themself in this project.

BTW: I working on some plan to involve more people into NXT. Thinking and designing, maybe need some help from devs.

Valid argument but now what done is done!
No one forces people invest here, they can wait until source is open, clone it and do what you propose....

klee

legendary

Activity: 1498

Merit: 1000

Quote from: mcjavar on December 05, 2013, 10:54:37 AM

Quote from: klee on December 05, 2013, 10:50:26 AM

Quote from: Kontakt on December 05, 2013, 10:49:05 AM

Quote from: mcjavar on December 05, 2013, 10:44:33 AM

Quote from: Kontakt on December 05, 2013, 10:41:54 AM

Quote from: mcjavar on December 05, 2013, 10:38:07 AM

Quote from: laowai80 on December 05, 2013, 10:34:35 AM

Don't worry about distribution, it has only just started. The top holders will sell some of it eventually if the exchange rate keeps falling for some time, in the end the exchange rate will find a support level, even if it's 100x lower than the current rate. By that time the coins will be nicely distributed. The more important thing now is to build some infrastructure - fully automatic exchange would be nice, direct conversion to and from fiat would be nice.

But till that time our job, trying to promote NXT, will be worthless as people will get disappointed. It is the most important to get the support of the community!

I also feel that the job is being given to the wrong people. Almost everyone I've seen actively promoting the coin are the people with almost nothing. McJavar, you are one of the most active, but the account in your sig only has 500 NXT. Either it's a pass through, or you're working for the benefit of people who paid waaaaay ahead.

I bought 400k for 2 BTC (and was scammed for another 1 BTC). I really believe in this project, but the more I dig down, the more I see the problems Sad

It's a really great project, and the software implementation is really great as well. It gets better every release.
The problems are with implementation. The massive premining (essentially), the lack of early transactions for fees and the difficulty of buying in at all.

Buy QRK then.

Come on klee, it might be great for you having invested your money before most of us and now having a lot of NXT, but being rude and telling others, that you are a great guy, because you come along NXT when it was in the funding phase, so fuck all those little fuckers who are trying to get on boat now is not the way your coins will make you more $$$. Without the newcomers, you will only have some worthless numbers on an account where you can trade them with your early-adopting friends for nuts.

No offense! Really not, sorry if it sounds like that, but english is only my 3rd language Sad

Read my contributions first - then I will be polite...

klee

legendary

Activity: 1498

Merit: 1000

Quote from: inkadnb on December 05, 2013, 10:52:42 AM

It's simple, by hoarding coins you hurt yourself because the Nxt economy is static and worthless.

So stakeholders, by buying coins you made a commitment to use them, we all have a duty to make an impact. Stakeholders have the potential to make the biggest impact.

Pretty much the only stakeholder I've known and seen very actively spreading his distribution is bybitcoin. Not to mention, I'm 100% sure bybitcoin has already made a profit on his coins. So what's the risk? If you have 40 million, sell 20 million. That 20 million you sell is HELPING you. Hoarding it does nothing for you but kill this coin.

That's all I have to say.

How much do you believe investing in this coin? Prove it by buying - else move to another coin.
If you had read enough you would see that a lot of early adopters sale/redistribute their wealth with bounties/giveaways.
Satoshi did not distribute his 1M coins if I recollect correctly..more than 1/5 of total btc at the time!

CoinBuzz

sr. member

Activity: 490

Merit: 250

It would be better if 1Billion coins did not minted completely. Maybe around 100,000 of them minted in genesis block (for giving away and spread the coins) and the others mine with POS. In this regard because total number is small, people with small coins can mine too and involve themself in this project.

BTW: I working on some plan to involve more people into NXT. Thinking and designing, maybe need some help from devs.

mcjavar

hero member

Activity: 784

Merit: 500

Quote from: klee on December 05, 2013, 10:50:26 AM

Quote from: Kontakt on December 05, 2013, 10:49:05 AM

Quote from: mcjavar on December 05, 2013, 10:44:33 AM

Quote from: Kontakt on December 05, 2013, 10:41:54 AM

Quote from: mcjavar on December 05, 2013, 10:38:07 AM

Quote from: laowai80 on December 05, 2013, 10:34:35 AM

Don't worry about distribution, it has only just started. The top holders will sell some of it eventually if the exchange rate keeps falling for some time, in the end the exchange rate will find a support level, even if it's 100x lower than the current rate. By that time the coins will be nicely distributed. The more important thing now is to build some infrastructure - fully automatic exchange would be nice, direct conversion to and from fiat would be nice.

But till that time our job, trying to promote NXT, will be worthless as people will get disappointed. It is the most important to get the support of the community!

I also feel that the job is being given to the wrong people. Almost everyone I've seen actively promoting the coin are the people with almost nothing. McJavar, you are one of the most active, but the account in your sig only has 500 NXT. Either it's a pass through, or you're working for the benefit of people who paid waaaaay ahead.

I bought 400k for 2 BTC (and was scammed for another 1 BTC). I really believe in this project, but the more I dig down, the more I see the problems Sad

It's a really great project, and the software implementation is really great as well. It gets better every release.
The problems are with implementation. The massive premining (essentially), the lack of early transactions for fees and the difficulty of buying in at all.

Buy QRK then.

Come on klee, it might be great for you having invested your money before most of us and now having a lot of NXT, but being rude and telling others, that you are a great guy, because you come along NXT when it was in the funding phase, so fuck all those little fuckers who are trying to get on boat now is not the way your coins will make you more $$$. Without the newcomers, you will only have some worthless numbers on an account where you can trade them with your early-adopting friends for nuts.

No offense! Really not, sorry if it sounds like that, but english is only my 3rd language Sad

klee

legendary

Activity: 1498

Merit: 1000

Quote from: ImmortAlex on December 05, 2013, 10:50:51 AM

Quote from: plasticAiredale on December 05, 2013, 10:46:23 AM

I bought, but $300 isn't enough to generate a block in 30 days, that is quite disappointing.

It's not a matter for generating blocks, at least now.
The problem is that most of investors do nothing to promote coin. But those who active can't get valuable coins, because most of them are frozen.

Do you know who they are? Maybe 8/10 are BCNext.
He is very lazy guy...doing nothing to promote Next!

ImmortAlex

hero member

Activity: 784

Merit: 501

Quote from: ImmortAlex on December 05, 2013, 10:50:51 AM

most of investors

Damn! I must not call them "investors"!

inkadnb

member

Activity: 126

Merit: 10

It's simple, by hoarding coins you hurt yourself because the Nxt economy is static and worthless.

So stakeholders, by buying coins you made a commitment to use them, we all have a duty to make an impact. Stakeholders have the potential to make the biggest impact.

Pretty much the only stakeholder I've known and seen very actively spreading his distribution is bybitcoin. Not to mention, I'm 100% sure bybitcoin has already made a profit on his coins. So what's the risk? If you have 40 million, sell 20 million. That 20 million you sell is HELPING you. Hoarding it does nothing for you but kill this coin.

That's all I have to say.

ImmortAlex

hero member

Activity: 784

Merit: 501

Quote from: plasticAiredale on December 05, 2013, 10:46:23 AM

I bought, but $300 isn't enough to generate a block in 30 days, that is quite disappointing.

It's not a matter for generating blocks, at least now.
The problem is that most of investors do nothing to promote coin. But those who active can't get valuable coins, because most of them are frozen.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: xibeijan on December 05, 2013, 10:01:48 AM

Can someone please confirm, what is the minimum base target?

it's 1/153722867 or 6,505213046800643e-7 %.

klee

legendary

Activity: 1498

Merit: 1000

Quote from: Kontakt on December 05, 2013, 10:49:05 AM

Quote from: mcjavar on December 05, 2013, 10:44:33 AM

Quote from: Kontakt on December 05, 2013, 10:41:54 AM

Quote from: mcjavar on December 05, 2013, 10:38:07 AM

Quote from: laowai80 on December 05, 2013, 10:34:35 AM

Don't worry about distribution, it has only just started. The top holders will sell some of it eventually if the exchange rate keeps falling for some time, in the end the exchange rate will find a support level, even if it's 100x lower than the current rate. By that time the coins will be nicely distributed. The more important thing now is to build some infrastructure - fully automatic exchange would be nice, direct conversion to and from fiat would be nice.

But till that time our job, trying to promote NXT, will be worthless as people will get disappointed. It is the most important to get the support of the community!

I also feel that the job is being given to the wrong people. Almost everyone I've seen actively promoting the coin are the people with almost nothing. McJavar, you are one of the most active, but the account in your sig only has 500 NXT. Either it's a pass through, or you're working for the benefit of people who paid waaaaay ahead.

I bought 400k for 2 BTC (and was scammed for another 1 BTC). I really believe in this project, but the more I dig down, the more I see the problems Sad

It's a really great project, and the software implementation is really great as well. It gets better every release.
The problems are with implementation. The massive premining (essentially), the lack of early transactions for fees and the difficulty of buying in at all.

Buy QRK then.

Kontakt

sr. member

Activity: 266

Merit: 250

Quote from: mcjavar on December 05, 2013, 10:44:33 AM

Quote from: Kontakt on December 05, 2013, 10:41:54 AM

Quote from: mcjavar on December 05, 2013, 10:38:07 AM

Quote from: laowai80 on December 05, 2013, 10:34:35 AM

Don't worry about distribution, it has only just started. The top holders will sell some of it eventually if the exchange rate keeps falling for some time, in the end the exchange rate will find a support level, even if it's 100x lower than the current rate. By that time the coins will be nicely distributed. The more important thing now is to build some infrastructure - fully automatic exchange would be nice, direct conversion to and from fiat would be nice.

But till that time our job, trying to promote NXT, will be worthless as people will get disappointed. It is the most important to get the support of the community!

I also feel that the job is being given to the wrong people. Almost everyone I've seen actively promoting the coin are the people with almost nothing. McJavar, you are one of the most active, but the account in your sig only has 500 NXT. Either it's a pass through, or you're working for the benefit of people who paid waaaaay ahead.

I bought 400k for 2 BTC (and was scammed for another 1 BTC). I really believe in this project, but the more I dig down, the more I see the problems Sad

It's a really great project, and the software implementation is really great as well. It gets better every release.
The problems are with implementation. The massive premining (essentially), the lack of early transactions for fees and the difficulty of buying in at all.

Topic: NXT :: descendant of Bitcoin - Updated Information - page 2447. (Read 2761629 times)