Topic: NXT :: descendant of Bitcoin - Updated Information - page 288. (Read 2761645 times)

mmmhh, send it to the genesis account? Clients should look up which assets the genesis account owns and subtract the amount from the asset amount available on Nxt.

Regarding pandaisftw's document:

( https://docs.google.com/presentation/d/1FsyumJLmQ9ckLNkHlmW1oPRGOoK3oAg_pVjFz3s0fNw/edit#slide=id.g1ce2334a0_00 )

point 1: I don't like anyone being able to create the same name. It will lead to confusion. However, it's likely that this solution will be implemented in the core anyway.

point 2: if you can just choose whichever company name you want, scammers would be able to take advantage of this. An alias contents can be updated easily.

This also means that both the name and company name can be updated, again leading to confusion.

Images may be useful, have to have some system to flag images though..

Same with audio/video.

Perhaps it would just be easier to supply a URL.

+1

The idea is good. Goals are a bit fairyland (WoW, ...) but the idea is good.

We need something like a toolkit to implement NXT into games. It should be super easy to implement it. Like a tutorial site with needed files for the devs.

Dividends via AT, I suppose.

+1

Finally someone takes Nxt serious and produces something with value!

Another reason this thread needs to be spammed with a link to threads in a new forum so that this basic and important type of information doesn't get lost and buried in this thread.

Common sense would say we would need an adjustable rate, yet we have developers and testers talking as though rates are fixed now and forever and people jumping to the wrong conclusions about basic functions of this currency and platform.

As was mentioned, this is to prevent just a few people (or just one) from stealing and squatting on best asset names right after the launch. This will be reduced to normal transaction fees some day later after the launch

Yes, but it's not so easy, it requires changing a lot of things internally (so that we can change it much more easily later on). Jean-luc is working on this now.

The transaction fees still on the table? Just change it already.

Some kind of fee is needed to prevent spam and attackers sending millions of bogus transactions to his/her own accounts.

The fee should be reduced to 0.1 Nxt though

Nothing to lose, no. I'm going to play devil's advocate and say 'it ain't gonna happen.'

Blizzard? I couldn't even buy a friend a month's game time credit for his birthday, found nothing on any of their online assets. Called them personally, and the only workaround was to buy my friend a (soon-to-be-discontinued!) Diablo 3 RMAC in-game card, which could then credit their battle.net account. Blizzard is moving away, at least temporarily, from fiat for in-game transactions.

I can foresee maybe a notable dev here or there accepting a crypto for a monthly or annual sub. I see virtually no chance of accepting a crypto for frequent, recurring transactions. Apple, Sony, Microsoft, Activision/Blizzard et al will open their tills 10s of thousands of times a day for 1) fiat the central bank issues or 2) a crypto they issue when the time is right. Blizzard will never accept bitcoin, let alone NXT, as an in-game currency. They might eventually accept a blizzcoin.

One notable may be someone like NCsoft (South Korea, Guild Wars)... an Asian attitude may be more open to a crypto in-game currency for micro transactions.

Small indies/devs that aren't beholden to a board/bean counters? Definitely.

Games are centralized/controlled; user-driven game environments (like what we're trying to do with Nxtopia) is where in-game cryptos will shine, I think. Players crafting in-game assets for other players are incentivized from multiple angles. They're definitely behind the steering wheel.

Another possibility, I think I mentioned this in my first Nxtopia post -- a Fantasty Football (US football) service. I'm not sure if there's a European, Asian or South American analog, but fantasy football is huge in the States. Setup the stat tracking, set the payout tiers, give the players the ability to craft side bets ("if you beat me in week 3 by more than 15 points, I'll pay you 100 NXT. Shit, lost that bet... 200 NXT if I rack up more than 120 yards rushing in week 4.")

Just my 2¢ -- we need to concentrate on social/user-driven content and and nimble, forward thinking devs (altho it's not a game, someone similar to Damelon's investment contact).

The developers belief in what Nxt will be is of little concern to me. What concerns me is the complete disregard for contingency planning for the real possibility of a sudden and steep price increase.  In BTC and Ripple the fee is small enough that the rise would have to be enormous for it to have a negative affect.  A .01 Nxt fee and 1000 Nxt asset fee are simply too high to not quickly have a negative affect with only modest price increases. If it hits a certain level, the market will cease to a halt as people stop trading and transacting and the price would sink back down again. Like I said it's almost a designed price control built right into the system.

I am kicking myself for not realizing all of this when the price was up.

Well when I'm told to compare it to XRP and not to other alts, it doesn't sounds multi-functional. But I agree, it absolutely is.

That is why I am perplexed when people like Ian, who should know better, pigeon-hole it (intentionally or not) in their descriptions.

Let it be everything it can be. Its not that hard.

I am not sure why the need for narrow mindedness or acting as if there is only one true future.

No one is saying it will only function like XRP.  It is a multi-functional currency.

Just because NXT "could" function like XRP on Nxt, doesn't mean it will only function as such. Ripple has no one promoting it as a currency. Nxt has hundreds who already do. This isn't going to change anytime soon.

I agree NXT functions like XRP, but it is also a better store of value because of its lower circulation and the control it gives you over the network.

Except this model could never compete with Emunie, that creates a stable price while still allowing currency investors and speculators earn a large profit.

So basically, Nxt and NXT need to work hand in hand lovingly or they will both be eradicated.

How is this going to work? Would it be web based? Link?

Except that Ripple doesn't have the problem Nxt will have IF you are wrong about the value and the price were suddenly to escalate.

Ripple fees are about 0.000001 of an XRP. At .01 Nxt per transaction even if Nxt shot up to $100 (despite your stead market advice)
it would cost $1.00 per transaction and $10,000 to purchase an asset. Forget about micro transactions and I guess Johnny's IPO can wait till he raises the $10,000 by holding a separate IPO.

I guess what you are doing is designing in built in protection against a steep gain in price. If it reaches the threshold, it crashes itself  back down to earth.

It's almost ingenious. Almost.