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Topic: NXT :: descendant of Bitcoin - Updated Information - page 2540. (Read 2761645 times)

full member
Activity: 224
Merit: 100
I am free for donations Smiley.

7756685842877502533
sr. member
Activity: 420
Merit: 250
Just to prove that I stand by my words: anyone with 30+ activity on BCTalk that asks me for 2,000 NXT will get if for free. And this goes for the first 500 people that do it... so I'm giving away 1 million NXT.. but not to 1 person... 500. The more users the better.

Give me your NXT address bitdraw and I'll start with you.  Wink

7759096306292407335

thanks
hero member
Activity: 504
Merit: 500
thanks guys: 7745109308256700891

i feel bribed Tongue

nah, to be honest thats exactly what i ment. if the stakeholders actually want to make the system work and not only make fast profits by selling overpriced its going to be a lot better for Nxt

is someone working on a pool mining thing already? i still think thats the most important thing at the moment!


thx for the clarification on transaction fees!
Do you have any coins? Bribe time Tongue

haha, yeh i got like 250 from a giveaway, wanted to started mining, then it said something like a few years until i can mine my first block.

thats when i started thinking about the system and came up with the things we discussed above Wink
I give you 50000 Nxt to start mining, post your address please!
Premined is not a correct term you use, because in PoS system such a mining process doesn't exist at all Smiley
it might not exist in pos, but at the end isnt it the same except the premining was done in a different way? (payed instead of mined)
hero member
Activity: 672
Merit: 500

thx for the clarification on transaction fees!
Do you have any coins? Bribe time Tongue

haha, yeh i got like 250 from a giveaway, wanted to started mining, then it said something like a few years until i can mine my first block.

thats when i started thinking about the system and came up with the things we discussed above Wink
I give you 50000 Nxt to start mining, post your address please!
Premined is not a correct term you use, because in PoS system such a mining process doesn't exist at all Smiley
sr. member
Activity: 476
Merit: 250
Just to prove that I stand by my words: anyone with 30+ activity on BCTalk that asks me for 2,000 NXT will get if for free. And this goes for the first 500 people that do it... so I'm giving away 1 million NXT.. but not to 1 person... 500. The more users the better.

Edit: Send me a PM with your address instead of posting in this thread. Otherwise I might miss it.
legendary
Activity: 1498
Merit: 1000

thx for the clarification on transaction fees!
Do you have any coins? Bribe time Tongue

haha, yeh i got like 250 from a giveaway, wanted to started mining, then it said something like a few years until i can mine my first block.

thats when i started thinking about the system and came up with the things we discussed above Wink
Give me your address to send you 750 so you have 1000 total Wink
hero member
Activity: 504
Merit: 500

thx for the clarification on transaction fees!
Do you have any coins? Bribe time Tongue

haha, yeh i got like 250 from a giveaway, wanted to started mining, then it said something like a few years until i can mine my first block.

thats when i started thinking about the system and came up with the things we discussed above Wink
legendary
Activity: 2142
Merit: 1010
Newbie
When blocks become filled on ~100% people will compete for space in blocks by offering higher fees.
This will take quite a while I suppose, but is there a defined limit already when blocks become full? Can this limit be adjusted? Significant things concerning the future incentive structure give lack of POW

BCNext set the limit to 255 transactions. The limit can be adjusted only if stakeholders decide so. Even if BCNext raises the limit we may just refuse to mine blocks.
hero member
Activity: 566
Merit: 500
When blocks become filled on ~100% people will compete for space in blocks by offering higher fees.
This will take quite a while I suppose, but is there a defined limit already when blocks become full? Can this limit be adjusted? Significant things concerning the future incentive structure give lack of POW
legendary
Activity: 1498
Merit: 1000
In other words tell me what is more easy - to get the 10% of mined coins in bitcoin or in Next?

Next - what you pay is what you get!

You can go mine Bitcoin if it is more fair, good luck with that!  Grin
imagine any altcoin coming out with 100% premine, you think anyone is going to buy in? (if yes, just post it at the top of this thread)

ANYWAYS, going to stop now, its useless. we both have our point of view and i highly doubt that its gonna change Wink

still want to see how Nxt develops, its an interesting approach!
Not sure if they are defined as premined but many people are interested atm for ripple, mastercoin and next!

But hey, no worries it is good to discuss these things - at least for me Smiley

Early adopters in PoW and premined pay a small amount (relatively). If the coin succeeds, in PoW schemes it is very difficult to entry into mining. I think actually Nxt is more fair for late adopters (regarding mining).

Anyway, the market is healthy to have many diverse systems to compete!

ah okey, normally people are very protective about "their" coins so i didnt want to start some kinda fight. nice to see you are different. as stated these are my concerns, but im going to see how it works out. i think it depends a lot on how the stakeholders are going to behave/distribute their coins.

imho, you also need a big pool miner, otherwise mining is impossible for small holders.

about the 100% premine thing.. i think you can use that terminology as your only mining profit is from transaction fees as with other cryptos after all are mined. (except that if i got it correctly you dont even have to pay transaction fees for Nxt if you dont want to?)
Totally agree on pool thing.
The transaction fee minimum is 1Nxt

thx for the clarification on transaction fees!
Do you have any coins? Bribe time Tongue
hero member
Activity: 504
Merit: 500
In other words tell me what is more easy - to get the 10% of mined coins in bitcoin or in Next?

Next - what you pay is what you get!

You can go mine Bitcoin if it is more fair, good luck with that!  Grin
imagine any altcoin coming out with 100% premine, you think anyone is going to buy in? (if yes, just post it at the top of this thread)

ANYWAYS, going to stop now, its useless. we both have our point of view and i highly doubt that its gonna change Wink

still want to see how Nxt develops, its an interesting approach!
Not sure if they are defined as premined but many people are interested atm for ripple, mastercoin and next!

But hey, no worries it is good to discuss these things - at least for me Smiley

Early adopters in PoW and premined pay a small amount (relatively). If the coin succeeds, in PoW schemes it is very difficult to entry into mining. I think actually Nxt is more fair for late adopters (regarding mining).

Anyway, the market is healthy to have many diverse systems to compete!

ah okey, normally people are very protective about "their" coins so i didnt want to start some kinda fight. nice to see you are different. as stated these are my concerns, but im going to see how it works out. i think it depends a lot on how the stakeholders are going to behave/distribute their coins.

imho, you also need a big pool miner, otherwise mining is impossible for small holders.

about the 100% premine thing.. i think you can use that terminology as your only mining profit is from transaction fees as with other cryptos after all are mined. (except that if i got it correctly you dont even have to pay transaction fees for Nxt if you dont want to?)
Totally agree on pool thing.
The transaction fee minimum is 1Nxt

thx for the clarification on transaction fees!
legendary
Activity: 2142
Merit: 1010
Newbie
(except that if i got it correctly you dont even have to pay transaction fees for Nxt if you dont want to?)

U must pay at least 1 NXT. When blocks become filled on ~100% people will compete for space in blocks by offering higher fees.
legendary
Activity: 1498
Merit: 1000
In other words tell me what is more easy - to get the 10% of mined coins in bitcoin or in Next?

Next - what you pay is what you get!

You can go mine Bitcoin if it is more fair, good luck with that!  Grin
imagine any altcoin coming out with 100% premine, you think anyone is going to buy in? (if yes, just post it at the top of this thread)

ANYWAYS, going to stop now, its useless. we both have our point of view and i highly doubt that its gonna change Wink

still want to see how Nxt develops, its an interesting approach!
Not sure if they are defined as premined but many people are interested atm for ripple, mastercoin and next!

But hey, no worries it is good to discuss these things - at least for me Smiley

Early adopters in PoW and premined pay a small amount (relatively). If the coin succeeds, in PoW schemes it is very difficult to entry into mining. I think actually Nxt is more fair for late adopters (regarding mining).

Anyway, the market is healthy to have many diverse systems to compete!

ah okey, normally people are very protective about "their" coins so i didnt want to start some kinda fight. nice to see you are different. as stated these are my concerns, but im going to see how it works out. i think it depends a lot on how the stakeholders are going to behave/distribute their coins.

imho, you also need a big pool miner, otherwise mining is impossible for small holders.

about the 100% premine thing.. i think you can use that terminology as your only mining profit is from transaction fees as with other cryptos after all are mined. (except that if i got it correctly you dont even have to pay transaction fees for Nxt if you dont want to?)
Totally agree on pool thing.
The transaction fee minimum is 1Nxt
hero member
Activity: 504
Merit: 500
In other words tell me what is more easy - to get the 10% of mined coins in bitcoin or in Next?

Next - what you pay is what you get!

You can go mine Bitcoin if it is more fair, good luck with that!  Grin
imagine any altcoin coming out with 100% premine, you think anyone is going to buy in? (if yes, just post it at the top of this thread)

ANYWAYS, going to stop now, its useless. we both have our point of view and i highly doubt that its gonna change Wink

still want to see how Nxt develops, its an interesting approach!
Not sure if they are defined as premined but many people are interested atm for ripple, mastercoin and next!

But hey, no worries it is good to discuss these things - at least for me Smiley

Early adopters in PoW and premined pay a small amount (relatively). If the coin succeeds, in PoW schemes it is very difficult to entry into mining. I think actually Nxt is more fair for late adopters (regarding mining).

Anyway, the market is healthy to have many diverse systems to compete!

ah okey, normally people are very protective about "their" coins so i didnt want to start some kinda fight. nice to see you are different. as stated these are my concerns, but im going to see how it works out. i think it depends a lot on how the stakeholders are going to behave/distribute their coins.

imho, you also need a big pool miner, otherwise mining is impossible for small holders.

about the 100% premine thing.. i think you can use that terminology as your only mining profit is from transaction fees as with other cryptos after all are mined. (except that if i got it correctly you dont even have to pay transaction fees for Nxt if you dont want to?)
legendary
Activity: 1498
Merit: 1000
In other words tell me what is more easy - to get the 10% of mined coins in bitcoin or in Next?

Next - what you pay is what you get!

You can go mine Bitcoin if it is more fair, good luck with that!  Grin
imagine any altcoin coming out with 100% premine, you think anyone is going to buy in? (if yes, just post it at the top of this thread)

ANYWAYS, going to stop now, its useless. we both have our point of view and i highly doubt that its gonna change Wink

still want to see how Nxt develops, its an interesting approach!
Not sure if they are defined as premined but many people are interested atm for ripple, mastercoin and next!

But hey, no worries it is good to discuss these things - at least for me Smiley

Early adopters in PoW and premined pay a small amount (relatively). If the coin succeeds, in PoW schemes it is very difficult to entry into mining. I think actually Nxt is more fair for late adopters (regarding mining).

Anyway, the market is healthy to have many diverse systems to compete!
hero member
Activity: 504
Merit: 500
In other words tell me what is more easy - to get the 10% of mined coins in bitcoin or in Next?

Next - what you pay is what you get!

You can go mine Bitcoin if it is more fair, good luck with that!  Grin
imagine any altcoin coming out with 100% premine, you think anyone is going to buy in? (if yes, just post it at the top of this thread)

ANYWAYS, going to stop now, its useless. we both have our point of view and i highly doubt that its gonna change Wink

still want to see how Nxt develops, its an interesting approach!
sr. member
Activity: 476
Merit: 250
As klee said: the funds will be distributed in time.. and for NXT to be successful they need to be. The more users we get the better.. we might end up having a more fair distribution than BTC in the end simply because we have an incentive to share, and not a single NXT other than the ones that already exist will ever be created.

We, the people that invested in NXT, will earn more in the end if we share it with others than if we hold on to it. In the end I don't plan on holding on to more than 1/3 or 1/4 of what I have. If this had been BTC, I wouldn't have let go of a dime.

And mining BTC isn't free either.. you have to pay for electricity.
legendary
Activity: 1498
Merit: 1000
In other words tell me what is more easy - to get the 10% of mined coins in bitcoin or in Next?

Next - what you pay is what you get!

You can go mine Bitcoin if it is more fair, good luck with that!  Grin
newbie
Activity: 51
Merit: 0
1M *1000 = Billion ... that's a lot of taxes
legendary
Activity: 1498
Merit: 1000
In time funds will be distributed more so it is not a big issue imho..

If this is not an issue why not change the starting post:

"The total amount of Nxt in circulation is 1 billion."
to
"The total amount of 1 billion ever in circulation is owned by the 50 stakeholders"


as i said, i dont really want to talk about it, you are gonna say its ok, its nothing important bla... and im gonna say otherwise. we never gonna get an agreement;)
Satoshi has 1M out of 21M - give me a break...
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