NXT :: descendant of Bitcoin - Updated Information - page 2541.

bitdraw

hero member

Activity: 504

Merit: 500

Quote from: klee on November 27, 2013, 02:34:08 PM

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;)

klee

legendary

Activity: 1498

Merit: 1000

Quote from: bitdraw on November 27, 2013, 02:37:38 PM

Quote from: kwest on November 27, 2013, 02:33:26 PM

Quote from: bitdraw on November 27, 2013, 02:17:01 PM

Quote from: kwest on November 27, 2013, 02:08:40 PM

Quote from: bitdraw on November 27, 2013, 02:02:30 PM

edit: dont want to make Nxt look bad, but constructively point out "weak" points. i dont even talk about the whole "50ppl own everything and sell it for so much higher than what they paid for" thing Tongue

It's called being a stakeholder. We showed faith in BCNext and put our BTC at risk when nobody else did. Why would we take such a risk if we didn't expect a return? We helped fund this little project.

as i said, i wont go into detail about this particular topic.. if you think this is not a problem for ppl, post it in the OP Wink

im trying out the client because im interested how it works etc. and if i find something that seems "flawed" i talk about it.

I don't have a problem with the early adopters on this forum having thousands of bitcoins either. They took a much bigger risk than us that came later. BCNext could've just ran away with the 21 BTC that was donated.. non of us had any clue, it was very risky.. but we thought it sounded interesting and bought a lottery ticket.

I haven't sold a single NXT yet so I could still end up with nothing.

this is a totally different thing, as BTC can be mined no mather how much you own.

A miner is a believer - if you believe it is worth mining a coin you have to pay! Regardless if you already have coins or not (in PoW).

So if you really believe in Nxt pay $5-10K to buy them - that is what you have to pay for the best ASIC.

And instead of stupid pre-orders you actually get the coins + mining.

I see this as a HUGE improvement in fairness...

bitdraw

hero member

Activity: 504

Merit: 500

Quote from: kwest on November 27, 2013, 02:33:26 PM

Quote from: bitdraw on November 27, 2013, 02:17:01 PM

Quote from: kwest on November 27, 2013, 02:08:40 PM

Quote from: bitdraw on November 27, 2013, 02:02:30 PM

edit: dont want to make Nxt look bad, but constructively point out "weak" points. i dont even talk about the whole "50ppl own everything and sell it for so much higher than what they paid for" thing Tongue

It's called being a stakeholder. We showed faith in BCNext and put our BTC at risk when nobody else did. Why would we take such a risk if we didn't expect a return? We helped fund this little project.

as i said, i wont go into detail about this particular topic.. if you think this is not a problem for ppl, post it in the OP Wink

im trying out the client because im interested how it works etc. and if i find something that seems "flawed" i talk about it.

I don't have a problem with the early adopters on this forum having thousands of bitcoins either. They took a much bigger risk than us that came later. BCNext could've just ran away with the 21 BTC that was donated.. non of us had any clue, it was very risky.. but we thought it sounded interesting and bought a lottery ticket.

I haven't sold a single NXT yet so I could still end up with nothing.

this is a totally different thing, as BTC can be mined no mather how much you own.

klee

legendary

Activity: 1498

Merit: 1000

In time funds will be distributed more so it is not a big issue imho..

kwest

sr. member

Activity: 476

Merit: 250

Quote from: bitdraw on November 27, 2013, 02:17:01 PM

Quote from: kwest on November 27, 2013, 02:08:40 PM

Quote from: bitdraw on November 27, 2013, 02:02:30 PM

edit: dont want to make Nxt look bad, but constructively point out "weak" points. i dont even talk about the whole "50ppl own everything and sell it for so much higher than what they paid for" thing Tongue

It's called being a stakeholder. We showed faith in BCNext and put our BTC at risk when nobody else did. Why would we take such a risk if we didn't expect a return? We helped fund this little project.

as i said, i wont go into detail about this particular topic.. if you think this is not a problem for ppl, post it in the OP Wink

im trying out the client because im interested how it works etc. and if i find something that seems "flawed" i talk about it.

I don't have a problem with the early adopters on this forum having thousands of bitcoins either. They took a much bigger risk than us that came later. BCNext could've just ran away with the 21 BTC that was donated.. non of us had any clue, it was very risky.. but we thought it sounded interesting and bought a lottery ticket.

I haven't sold a single NXT yet so I could still end up with nothing.

bitdraw

hero member

Activity: 504

Merit: 500

Quote from: kwest on November 27, 2013, 02:08:40 PM

Quote from: bitdraw on November 27, 2013, 02:02:30 PM

edit: dont want to make Nxt look bad, but constructively point out "weak" points. i dont even talk about the whole "50ppl own everything and sell it for so much higher than what they paid for" thing Tongue

It's called being a stakeholder. We showed faith in BCNext and put our BTC at risk when nobody else did. Why would we take such a risk if we didn't expect a return? We helped fund this little project.

as i said, i wont go into detail about this particular topic.. if you think this is not a problem for ppl, post it in the OP Wink

im trying out the client because im interested how it works etc. and if i find something that seems "flawed" i talk about it.

kwest

sr. member

Activity: 476

Merit: 250

Quote from: bitdraw on November 27, 2013, 02:02:30 PM

edit: dont want to make Nxt look bad, but constructively point out "weak" points. i dont even talk about the whole "50ppl own everything and sell it for so much higher than what they paid for" thing Tongue

It's called being a stakeholder. We showed faith in BCNext and put our BTC at risk when nobody else did. Why would we take such a risk if we didn't expect a return? We helped fund this little project.

bitdraw

hero member

Activity: 504

Merit: 500

Quote from: Come-from-Beyond on November 27, 2013, 01:54:13 PM

Quote from: bitdraw on November 27, 2013, 01:49:32 PM

je support the "miners" who is basically the one who is super rich already anyways. this whole concept is so flawed ...

Imagine there are only 2 miners, Alice with 9M coins and Bob with 1M.
If we have 10 blocks each with 0.1M fee then Alice gets 0.9M and Bob gets 0.1M.
Alice gets +10% and Bob gets +10%.

Could u explain where u see a flaw there?

in theory this is true, but the problem is most miners die before they see their 10% gain.

you would need a global pool where all ppl mine and the payout from every blocks transaction fees is divided among all of them according to their %capital of the total capital.

otherwise this doesnt work in "reality"

edit: dont want to make Nxt look bad, but constructively point out "weak" points. i dont even talk about the whole "50ppl own everything and sell it for so much higher than what they paid for" thing Tongue

kwest

sr. member

Activity: 476

Merit: 250

Quote from: Come-from-Beyond on November 27, 2013, 01:56:17 PM

Quote from: kwest on November 27, 2013, 01:49:53 PM

Thought I would check in on my client and... oh my lord NullPointer-gone-wild.

Thx. Now let's wait for the Nxt update

Despite this, I must say it's running better than ever now. I haven't had any problems with transactions, peers, or blocks.

Quote from: Pineappleman on November 27, 2013, 01:57:55 PM

Would love to see a non-java client 'account' software. For those poor souls that can't run anything on java.

I wouldn't mind either.

Pineappleman

newbie

Activity: 51

Merit: 0

Would love to see a non-java client 'account' software. For those poor souls that can't run anything on java.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: kwest on November 27, 2013, 01:49:53 PM

Thought I would check in on my client and... oh my lord NullPointer-gone-wild.

Thx. Now let's wait for the Nxt update

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: bitdraw on November 27, 2013, 01:49:32 PM

je support the "miners" who is basically the one who is super rich already anyways. this whole concept is so flawed ...

Imagine there are only 2 miners, Alice with 9M coins and Bob with 1M.
If we have 10 blocks each with 0.1M fee then Alice gets 0.9M and Bob gets 0.1M.
Alice gets +10% and Bob gets +10%.

Could u explain where u see a flaw there?

kwest

sr. member

Activity: 476

Merit: 250

Thought I would check in on my client and... oh my lord NullPointer-gone-wild.

bitdraw

hero member

Activity: 504

Merit: 500

Quote from: bybitcoin on November 27, 2013, 12:27:15 PM

Quote from: Come-from-Beyond on November 27, 2013, 12:25:08 PM

Quote from: xibeijan on November 27, 2013, 12:24:46 PM

Why would anyone every spend more than 1 NXT on their transaction fee?

To support miners I believe.

I paid tx fee from 10 to 100 each time to support the miners!
Let's award them a bit more for securing the network for us:)

je support the "miners" who is basically the one who is super rich already anyways. this whole concept is so flawed ...

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Bitcoin went below 1000, now Nxt market cap is below 1 mil USD again.

chuck888

newbie

Activity: 12

Merit: 0

14021199286596914330 here,
Would love to get some Nxt to begin with and start mining!
Really interested in the future of this coin!

opticalcarrier

full member

Activity: 238

Merit: 100

Thanks CfB, for your dev work. hope 1 day you're rewarded for all this headache getting nxt up and out... looks like im finally past block 133... at 800 now, got a ways to go to get caught up but its looking promising

timmyd

hero member

Activity: 714

Merit: 500

Quote from: xibeijan on November 27, 2013, 12:42:07 PM

Quote from: bybitcoin on November 27, 2013, 12:27:15 PM

Quote from: Come-from-Beyond on November 27, 2013, 12:25:08 PM

Quote from: xibeijan on November 27, 2013, 12:24:46 PM

Why would anyone every spend more than 1 NXT on their transaction fee?

To support miners I believe.

I paid tx fee from 10 to 100 each time to support the miners!
Let's award them a bit more for securing the network for us:)

But it's always the same miners (those with the highest balances) that get coins. You'd be doing NXT a bigger service if you sent NXT to random accounts from the block chain explorer whose balances are low.

once were able to exchange nxt to btc etc the coins will be more spread out.

xibeijan

legendary

Activity: 1232

Merit: 1001

Quote from: nnn on November 27, 2013, 12:45:19 PM

Quote from: xibeijan on November 27, 2013, 12:42:07 PM

Quote from: bybitcoin on November 27, 2013, 12:27:15 PM

Quote from: Come-from-Beyond on November 27, 2013, 12:25:08 PM

Quote from: xibeijan on November 27, 2013, 12:24:46 PM

Why would anyone every spend more than 1 NXT on their transaction fee?

To support miners I believe.

I paid tx fee from 10 to 100 each time to support the miners!
Let's award them a bit more for securing the network for us:)

But it's always the same miners (those with the highest balances) that get coins. You'd be doing NXT a bigger service if you sent NXT to random accounts from the block chain explorer whose balances are low.

*cough* 15627247923681139826 *cough*

Hey, 15627247923681139826 how bout a little love.... Send me some NXT 6247993745714329290

xibeijan

legendary

Activity: 1232

Merit: 1001

Quote from: bybitcoin on November 27, 2013, 12:27:15 PM

Quote from: Come-from-Beyond on November 27, 2013, 12:25:08 PM

Quote from: xibeijan on November 27, 2013, 12:24:46 PM

Why would anyone every spend more than 1 NXT on their transaction fee?

To support miners I believe.

I paid tx fee from 10 to 100 each time to support the miners!
Let's award them a bit more for securing the network for us:)

Someone should do a million NXT raffle.

Topic: NXT :: descendant of Bitcoin - Updated Information - page 2541. (Read 2761645 times)