NXT :: descendant of Bitcoin - Updated Information - page 2449.

btc24

full member

Activity: 193

Merit: 100

Now you can easily switсh beetween nxtalk.org and this topic using quick link in header. I'm absolutely sure that we should use bitcointalk.org as much as possible and not trying to create ghettos. Meanwhile, this website might store more structured information. I'll do my best to provide maximum for community members. Don't hesitate to participate - we are open, flexible and reasonable.

Quote

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 them balk at giving theirs away for free, even though its in their best interest to do so.

I support your opinion. It may be a time bomb.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: NxtChoice on December 05, 2013, 08:53:48 AM

How about those *.nxt files? It seems that it always some backup files, what are they for? How will those files increase in the size, do you have any prediction depending on the number of tx?

Bak-files r created for a case when original files r corrupted. It's important that if u replace any file with its backed copy, then all other files must be replaced as well.

1440 blocks per day, 32 KiB limit for a block, it's 16 GiB per year. This seems to be the upper bound, coz the blockchain is supposed to be shrunk each year.

Kontakt

sr. member

Activity: 266

Merit: 250

Quote from: plasticAiredale on December 05, 2013, 10:24:19 AM

Quote from: Nyx on December 05, 2013, 09:56:32 AM

Quote from: Kodoka on December 05, 2013, 09:55:36 AM

Quote from: NxtChoice on December 05, 2013, 09:27:56 AM

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, its going to be off putting to them with 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.

Exactly. I'm waffling on whether or not to just sell, I bought on dgex at 1/3 the current price, so I could just triple up and be done with it. I'll likely never see any return by generation with only 334, and since the model is currently so skewed I don't know if it can stabilize before the users as a whole just give up because there's no profit.

plasticAiredale

full member

Activity: 207

Merit: 120

Quote from: Nyx on December 05, 2013, 09:56:32 AM

Quote from: Kodoka on December 05, 2013, 09:55:36 AM

Quote from: NxtChoice on December 05, 2013, 09:27:56 AM

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 make some of them 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.

Kontakt

sr. member

Activity: 266

Merit: 250

Quote from: inkadnb on December 05, 2013, 10:06:03 AM

We need to improve our image: https://bitcointalksearch.org/topic/coinmarketcapcom-market-cap-rankings-of-all-cryptocurrencies-199685

People keep hating on NXT.

Step 1: Get the major investors to cash out some, the currency is far too centralized
Step 2: Distribute coins; as it stands, almost no one can make profit mining. You need a large amount of coins to have a chance of generating a block.
Step 3: More transactions. Just in general. Even when people do manage to generate a block, they get nothing 85% of the time because no transactions were made in that minute. Even bouncing coins between 2 accounts until all the Nxt is spooled out as fees could be good.

mcjavar

hero member

Activity: 784

Merit: 500

I am reading about NXT a lot, but still can´t understand how the calculation and validation is working?

Is my PC actually doint anything if I am running the client? Wht does it mean if I process a block? What happens in the background? (I would also try to summarize it and add it to the FAQ if I would understand that)

Kodoka

member

Activity: 63

Merit: 10

Quote from: inkadnb on December 05, 2013, 10:06:03 AM

We need to improve our image: https://bitcointalksearch.org/topic/coinmarketcapcom-market-cap-rankings-of-all-cryptocurrencies-199685

People keep hating on NXT.

I'm guessing people are frustrated with it because, at this point, it's hard to get into NXT. Last I saw buy in was at a rate of about 8 BTC per 1000000 NXT

inkadnb

member

Activity: 126

Merit: 10

We need to improve our image: https://bitcointalksearch.org/topic/coinmarketcapcom-market-cap-rankings-of-all-cryptocurrencies-199685

People keep hating on NXT.

nnn

newbie

Activity: 42

Merit: 0

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

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

I presume this can go all the way down to zero if necessary.

xibeijan

legendary

Activity: 1232

Merit: 1001

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

mcjavar

hero member

Activity: 784

Merit: 500

Quote from: ImmortAlex on December 05, 2013, 08:52:11 AM

Quote from: mcjavar on December 05, 2013, 08:37:58 AM

Thank you 2 people for sending me Nxt for the creating the FAQ Kiss

I'm waiting for withdraw from dgex and then send you some coins too Wink

Thanks

Nyx

sr. member

Activity: 274

Merit: 250

Quote from: Kodoka on December 05, 2013, 09:55:36 AM

Quote from: NxtChoice on December 05, 2013, 09:27:56 AM

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

Kodoka

member

Activity: 63

Merit: 10

Quote from: NxtChoice on December 05, 2013, 09:27:56 AM

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.

Kontakt

sr. member

Activity: 266

Merit: 250

Quote from: NxtChoice on December 05, 2013, 09:27:56 AM

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.

A lot of those accounts are very low balance as well. My balance of 334 will only net me 1 block a year, statistically.

mcjavar

hero member

Activity: 784

Merit: 500

Quote from: Nyx on December 05, 2013, 08:55:17 AM

Quote from: mcjavar on December 05, 2013, 08:37:58 AM

Thank you 2 people for sending me Nxt for the creating the FAQ Kiss

keep up the good work!
I'll donate soon, even if you are one of the rich ones (400k). Grin

lol

\o/ \o/ \o/

NxtChoice

full member

Activity: 238

Merit: 100

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.

bitme

sr. member

Activity: 317

Merit: 250

Quote from: freigeist on December 05, 2013, 09:18:34 AM

Hello.

Can I change the passphrase once is entered
or there is no way to change it?!

Thanks.

You need to open new account with different pass and send coins there.

bitme

sr. member

Activity: 317

Merit: 250

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?

freigeist

hero member

Activity: 1115

Merit: 535

Hello.

Can I change the passphrase once is entered
or there is no way to change it?!

Thanks.

laowai80

member

Activity: 98

Merit: 10

Quote from: NxtChoice on December 05, 2013, 08:53:48 AM

How about those *.nxt files? It seems that it always some backup files, what are they for? How will those files increase in the size, do you have any prediction depending on the number of tx?

Yeah, that's a good question.

Topic: NXT :: descendant of Bitcoin - Updated Information - page 2449. (Read 2761629 times)