Author

Topic: NXT :: descendant of Bitcoin - Updated Information - page 2448. (Read 2761629 times)

legendary
Activity: 1498
Merit: 1000
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.
BuyPreorder asics.
member
Activity: 126
Merit: 10
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'm very active too, I have ~8000 thanks to a donation.
member
Activity: 98
Merit: 10
Version 0.3.12 - https://dl.dropboxusercontent.com/u/67242472/nxt.zip

Upgrade only if u have 0.3.11 installed and want to generate blocks. Contains a quick work-around against unconfirmed double-spending transactions.

thanx, upgraded now.
full member
Activity: 207
Merit: 120
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.
legendary
Activity: 1498
Merit: 1000
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.
You know something guys, I had actually PAID to get my damn coins when I saw this:
https://bitcointalksearch.org/topic/m.3518014

Now, where were you??
full member
Activity: 193
Merit: 100
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.

Yay,  if top holders will behave the same - most active NXT promoters will create their own coin...  with blackjack and hookers Wink
hero member
Activity: 784
Merit: 501
Now, time to 'pre-order' some 'cheap' asics and mine some mBTC!! Yeah!
"preorder" = "scam" Sad
hero member
Activity: 784
Merit: 500
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
legendary
Activity: 2142
Merit: 1010
Newbie
Any estimation when inbuilt/p2p exchange is going to be implemented?
I wonder also how would it look like. People would need to send somewhere bitcoins(?) to buy next, so next account will hold two currencies, right?

No, Nxt account won't hold bitcoins. But it will hold "tokens" that represent bitcoins. To convert the tokens into bitcoins u have to do it via the issuer of the tokens. This concept is similar to Ripple gateway concept.
legendary
Activity: 1498
Merit: 1000
I strongly suggest people here not to waste time on Next, it is a dead project IMHO.
Now, time to 'pre-order' some 'cheap' asics and mine some mBTC!! Yeah!
sr. member
Activity: 266
Merit: 250
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.
hero member
Activity: 784
Merit: 501
Can I change the passphrase once is entered
or there is no way to change it?!
Passphrase is not a login/password of you account. Passphrase is you account. That digits you see at top left corner is generated from this phrase. You change it - you get another number and another account. If you make mistake and choose very simple passphrase you must select another one - much better and longer, then get new account number and move your coins from previous account as soon as possible. If you have no coins you can just forget about previous account, because empty account means nothing and doesn't occupy any space.
hero member
Activity: 784
Merit: 500
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!
legendary
Activity: 2142
Merit: 1010
Newbie
Version 0.3.12 - https://dl.dropboxusercontent.com/u/67242472/nxt.zip

Upgrade only if u have 0.3.11 installed and want to generate blocks. Contains a quick work-around against unconfirmed double-spending transactions.
Nyx
sr. member
Activity: 274
Merit: 250
anyone else think it's counter productive to horde your coins?
These top accounts should distributive their wealth some how...


It's not. The more they horde, the more they can generate. The ones who give away only make the others richer.

But then the price will fall quickly! Don't worry...
sr. member
Activity: 266
Merit: 250
anyone else think it's counter productive to horde your coins?
These top accounts should distributive their wealth some how...


It's not. The more they horde, the more they can generate. The ones who give away only make the others richer.
member
Activity: 98
Merit: 10
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.
member
Activity: 112
Merit: 10
anyone else think it's counter productive to horde your coins?
These top accounts should distributive their wealth some how...
sr. member
Activity: 266
Merit: 250

From Nxt BCE, we get that there are only 581 accounts as block 8303, which means there are only 581 accounts have some coins. So maybe not more than 500 people all around the world own Nxt.

Keep on trading, keep on distributing to get Pareto Optimality.



I agree, but there isn't much that people like me, sitting at 10,000 NXT can do. More of the top players, in the tens of millions, need to lead distribution. Only two of the top ten accounts have distributed any coins.

+1

Problem is NXT are already worth too much. The top holders with 50 million are sitting on a theoretical 650 BTC according to dgex latest rate of 0.000013 BTC/NXT. Obviously the liquidity isn't there to actually get it, but still it will probably will make some of the balk at giving theirs away for free, even though its in their best interest to do so.

When Ripple first came out they were giving out 50000 to tons of people here on bitcointalk just to spread the word. A similar thing for NXT would be great to spread the word and get things moving, however who would willingly give up that much now when that amount of NXT is about $715.

Even giving out 1000 NXT to people will be off putting to them when the client tells them they can "mine" their next coin in 350 days.

CFB is making great progress with the client, the biggest issue for NXT is distributing the coins.

Yes, that what I am also affraid of the most, that because of the centralized funds, it will be hard AND expensive for someone to get in NXT..
It would have been a better idea just to keep 51% of the coins for example and give it to new users who sign up/register/do something to support NXT...

It would be great if everyone would put some coins on an account and we would distribute it to the newcomers...

They have a couple of giveaways threads.
One just straight up rejected me because I bought 334, the guy said new accounts only. Like my 334 makes me rich.
The other wants you to promote, so I threw a link in my sig. The guy running it hasn't said anything in a day or so.
hero member
Activity: 784
Merit: 500

From Nxt BCE, we get that there are only 581 accounts as block 8303, which means there are only 581 accounts have some coins. So maybe not more than 500 people all around the world own Nxt.

Keep on trading, keep on distributing to get Pareto Optimality.



I agree, but there isn't much that people like me, sitting at 10,000 NXT can do. More of the top players, in the tens of millions, need to lead distribution. Only two of the top ten accounts have distributed any coins.

+1

Problem is NXT are already worth too much. The top holders with 50 million are sitting on a theoretical 650 BTC according to dgex latest rate of 0.000013 BTC/NXT. Obviously the liquidity isn't there to actually get it, but still it will probably will make some of the balk at giving theirs away for free, even though its in their best interest to do so.

When Ripple first came out they were giving out 50000 to tons of people here on bitcointalk just to spread the word. A similar thing for NXT would be great to spread the word and get things moving, however who would willingly give up that much now when that amount of NXT is about $715.

Even giving out 1000 NXT to people will be off putting to them when the client tells them they can "mine" their next coin in 350 days.

CFB is making great progress with the client, the biggest issue for NXT is distributing the coins.

Yes, that´s what I am also affraid of the most, that because of the centralized funds, it will be hard AND expensive for someone to get in NXT..
It would have been a better idea just to keep 51% of the coins for example and give it to new users who sign up/register/do something to support NXT...

It would be great if everyone would put some coins on an account and we would distribute it to the newcomers...
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