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Topic: NXT :: descendant of Bitcoin - Updated Information - page 270. (Read 2761645 times)

newbie
Activity: 56
Merit: 0


And I think there is still a place for juice, just can be whittled down to fair market value.



I think it would be really cool to have juice-less betting on the nxtwork. Would be harder to prosecute as illegal gambling in some countries, since you wouldn't take a profit. And all stakeholders would benefit from the increased traffic and fees.
full member
Activity: 168
Merit: 100

Yes of course some services like AM it can indexed per bytes but other
can be indexed per amount transacted

all AE like  Cryptsy, BTC, Bitstamp use % amount transacted
We're going to reinvent the wheel?
why not?

what this clear that will be a lot more economical to maintain than BTC network or clones

NXT AE, is, by definition, 'reinventing the wheel'.  You have to have a better reason than, 'thats the way its always been done'.  The other argument is basing everything on size in the blockchain.  Please argue your reason of % based with its own merits, or argue reasons against our suggestion.

an issue is how the fee is charged

must be distributed the cost of maintaining stimulated the "green, secure and decentralized network"

for example

Nxt% Fee per current transactions
Alias ​​Fee services (For example per bytes)
Nxt% Fee per AE transactions

and so on ....

How The network is worth to maintain?

How many minimum nodes are needed?
How much electricity does it cost?
How many minimum transactions contemplated

with this you can calculate total nxt minimum expected

and another issue is how the fee is partitioned

Quote
a transactions's fee should be tied to its byte size on the blockchain

ok its a posible solution but

you need to do this minimum operation

Total number of bytes expected divided by total nxt minimum expected by fees

then you can know nxt per byte aplicable

I do not know if this solution is the best but it can probably work. sharing may be quite right
newbie
Activity: 56
Merit: 0

Just some thoughts on that:

This real-world intercommunication will be the most problematic part of NXT.

It is actually not possible without a certain form of trust and quite some effort.

For CCT, I try to remove the dependency of having nodes querying the BTC blockchain completely. It only introduces problems. Especially, how are other nodes supposed to verify the truth of such transactions if they do not want to scan the BTC blockchain.

The same goes for betting. It would require exchanging some sort of secrets to that external website that later can be retrieved to collect the prize.

Sorry, I don't see what kind of secrets you would need to exchange with a website?

Yea, I keep getting stuck on the trust part. Makes me want to start a website that just has scores, and hopefully the reputation system would show that I'm trustworthy. But, I live in the US, where I'd probably get prosecuted for operating an illegal betting service.

Maybe coins are issued to each bettor, and can only be exchanged if they are winners? (this is a half-baked idea)
sr. member
Activity: 336
Merit: 250
AKA jefdiesel

Sorry?

Sports betting without the juice (fees).

For example, I bid Michigan (-500) vs Wofford @ 100 nxt, and if somebody takes my offer, the payout is automated based on result of the game. If I win, counterparty pays me 20 nxt. If I lose, I pay 100 nxt to them. Would need to automatically pull results from some website like ESPN, and there are other complications.

The AE could handle the odds I assume, the price would fluctuate as it progressed, but wouldnt each game have to be a separate asset? The ASSET would take all the money, and pay out the dividend as a winner.


Or a separate gateway with each TEAM as an asset, and the gateway sets the odds. Where would the retention be? Who holds the money?

And I think there is still a place for juice, just can be whittled down to fair market value.

hero member
Activity: 490
Merit: 504
What can you build for Nxt?

Nxt Facebook

Nxt Twitter

Nxt Email

Nxt Youtube

Nxt Blogspot

Nxt World of Warcraft

Nxt Ebay

Nxt Torrent

Nxt Kickstarter

Nxt Fiverr

...

Anything. Decentralized. Open source. Without government controll/censorship...
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
For example, I bid Michigan (-500) vs Wofford @ 100 nxt, and if somebody takes my offer, the payout is automated based on result of the game. If I win, counterparty pays me 20 nxt. If I lose, I pay 100 nxt to them. Would need to automatically pull results from some website like ESPN, and there are other complications.

Just some thoughts on that:

This real-world intercommunication will be the most problematic part of NXT.

It is actually not possible without a certain form of trust and quite some effort.

For CCT, I try to remove the dependency of having nodes querying the BTC blockchain completely. It only introduces problems. Especially, how are other nodes supposed to verify the truth of such transactions if they do not want to scan the BTC blockchain.

The same goes for betting. It would require exchanging some sort of secrets to that external website that later can be retrieved to collect the prize.
hero member
Activity: 714
Merit: 500
Shot in the dark, is it decentralized sports betting via asset exchange?

Nope, think bigger, it's something that everyone uses (and is forced to use by some extent), but doesn't really like using due to one factor. NXT removes the factor.

Google search engine
legendary
Activity: 1205
Merit: 1000
MC Marketing committee proposal here

https://forums.nxtcrypto.org/viewtopic.php?f=54&t=880

Google doc with images here
https://docs.google.com/document/d/1Y6WSK2gOMAXzQyvqytaDLXndeMD4UE0hijMNYUrJIms/edit?usp=sharing


Please take time to read and make suggestions for the MC.

Thanks!

jefdiesel MC
And people (trolls) keep saying nothing is developed here at Nxt headquarters. They are so wrong! There isn't an altcoin with such a great dev team. Great work guys, I can't wait to get started printing!  Cheesy
full member
Activity: 128
Merit: 100
trust me guys... NXT will be a big thing...

bring more people in, stop holding and start trading/accepting NXT.
BRING IT ON!
newbie
Activity: 56
Merit: 0

Sorry?

Sports betting without the juice (fees).

For example, I bid Michigan (-500) vs Wofford @ 100 nxt, and if somebody takes my offer, the payout is automated based on result of the game. If I win, counterparty pays me 20 nxt. If I lose, I pay 100 nxt to them. Would need to automatically pull results from some website like ESPN, and there are other complications.
hero member
Activity: 574
Merit: 500
I am really impressed Brian, you have got skills
hero member
Activity: 784
Merit: 500
Shot in the dark, is it decentralized sports betting via asset exchange?

Nope, think bigger, it's something that everyone uses (and is forced to use by some extent), but doesn't really like using due to one factor. NXT removes the factor.

working? Smiley
newbie
Activity: 28
Merit: 0
Shot in the dark, is it decentralized sports betting via asset exchange?

Nope, think bigger, it's something that everyone uses (and is forced to use by some extent), but doesn't really like using due to one factor. NXT removes the factor.
full member
Activity: 186
Merit: 100
Harmonogram of adding new features or transparent thread for new even small but regular updates should be required.

We are serious people here. We want all NXTers to be well informed about NXT's development progress right?


One thing i get to know about NXT is that there's never a need to panic about it and that it is worth to be treated seriously. But being serious about it is also keeping eye on progress and objective valuating it all the time (also against competition progress).

Just take NXT serious.

Ball is round, to high price always go down and to low always go up eventually. I panicked first 2 times, now it is irrelevant to me Smiley Just regret i didn't sell some at the peak to buy now.

P.S. Argument about better distribution at low price is very good, because it's more affordable but up trend is also good for distribution while long down trend is bad too. If you don't have good advertisement price going up is the best of all... Just pure physics of altcoinmarket. That's why important are not only these who buy and hold but also these faithfull longterm speculators who sell at peaks and buy up at lows, never leaving coin.  
newbie
Activity: 56
Merit: 0
There are around 4M NXT in buy orders on BTER  Smiley. Smart money buying in.

I took next week off incase anyone needs an extra programmer, if every project is fully-manned (which seems to be the case) I will continue working on a personal project for NXT. I don't want to say anything yet but I think it could bring millions of people into NXT.

Shot in the dark, is it decentralized sports betting via asset exchange?
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
newbie
Activity: 28
Merit: 0
intmain(): good. But Billions would be better, however maybe after some time

Billions wouldn't be out of question.
hero member
Activity: 700
Merit: 501
hero member
Activity: 490
Merit: 504
intmain(): good. But Billions would be better, however maybe after some time
newbie
Activity: 28
Merit: 0
There are around 4M NXT in buy orders on BTER  Smiley. Smart money buying in.

I took next week off incase anyone needs an extra programmer, if every project is fully-manned (which seems to be the case) I will continue working on a personal project for NXT. I don't want to say anything yet but I think it could bring millions of people into NXT.
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