Topic: NXT :: descendant of Bitcoin - Updated Information - page 301. (Read 2761645 times)
Virtual penis. Learned today.
brooklynbtc,
The Nxt community does not generally approve of fractional reserve banking principles, no matter how they are presented. Only free market action is acceptable. Also, the AE is in testing right now, so what you are asking us to consider is hypothetical in terms of the ability to implement.
Sincerely,
Brian Snyder
EDIT: Excellent news from NXT payment processing company Coinpayments.net website, "Update: CoinPayments.net has been sold to a trusted member of the Bitcoin community, Cycloid. His team will be running the site by March 31st and CoinPayments will continue operations without any interruption."
The Nxt community does not generally approve of fractional reserve banking principles, no matter how they are presented. Only free market action is acceptable. Also, the AE is in testing right now, so what you are asking us to consider is hypothetical in terms of the ability to implement.
Sincerely,
Brian Snyder
EDIT: Excellent news from NXT payment processing company Coinpayments.net website, "Update: CoinPayments.net has been sold to a trusted member of the Bitcoin community, Cycloid. His team will be running the site by March 31st and CoinPayments will continue operations without any interruption."
Hi Brian
to be clear, I am not proposing this, but discussing this as it was briefly suggested in the econ review
here https://docs.google.com/file/d/0BwAGADgnQcrtdXE5MkF5S05oaHM/edit
I don't know if its fair for one member of the community to speak on what the rest approve of or not. You might think some are against "The Fed" but the AE will open up huge numbers for growth, arbitrage, and the invisible hand of the market.
A stable benevolent CB or more, could help with flow and balance.
We are "trusting no one" but we are setting ourselves up like lambs for the wolves
Proof of Donation:
https://docs.google.com/file/d/0BwAGADgnQcrtdXE5MkF5S05oaHM/edit?pli=1
I find it quite interesting. But I doubt it is not gameable.
https://docs.google.com/file/d/0BwAGADgnQcrtdXE5MkF5S05oaHM/edit?pli=1
I find it quite interesting. But I doubt it is not gameable.
brooklynbtc,
The Nxt community does not generally approve of fractional reserve banking principles, no matter how they are presented. Only free market action is acceptable. Also, the AE is in testing right now, so what you are asking us to consider is hypothetical in terms of the ability to implement.
Sincerely,
Brian Snyder
EDIT: Excellent news from NXT payment processing company Coinpayments.net website, "Update: CoinPayments.net has been sold to a trusted member of the Bitcoin community, Cycloid. His team will be running the site by March 31st and CoinPayments will continue operations without any interruption."
The Nxt community does not generally approve of fractional reserve banking principles, no matter how they are presented. Only free market action is acceptable. Also, the AE is in testing right now, so what you are asking us to consider is hypothetical in terms of the ability to implement.
Sincerely,
Brian Snyder
EDIT: Excellent news from NXT payment processing company Coinpayments.net website, "Update: CoinPayments.net has been sold to a trusted member of the Bitcoin community, Cycloid. His team will be running the site by March 31st and CoinPayments will continue operations without any interruption."
Just some NXT memes to liven up this thread. 
thoughts on Coloured coins AKA Asset Exchange
If someone was rich and powerful (and smart) enough to act as a central banker, they could control the interest rates, and "create value" by setting a payout on a periodic basis. (but of course this is creating a fiat currency inside NXT)
They could increase the NXT supply by selling 100NXT assets, Each token represents 100NXT, but the value will be fluid inside the AE.
Stick 1M of your NXT in a VERY secure wallet and publish the account number for all to see. This serves as the "gold reserve"
Say you set a target of 2% inflation, so for every 100NXT asset the central banker (CB) sells, there is an expected interest payout, and a chance for loans, and market forces to play their hands.
I assume this is one more reason the CB would have to be smart,
To be honest, with the way the re-distribution of funds from Whale dumps right now is affecting the price, we would need to wait for much greater stability or risk the whole thing being gamed.
Thoughts?
If someone was rich and powerful (and smart) enough to act as a central banker, they could control the interest rates, and "create value" by setting a payout on a periodic basis. (but of course this is creating a fiat currency inside NXT)
They could increase the NXT supply by selling 100NXT assets, Each token represents 100NXT, but the value will be fluid inside the AE.
Stick 1M of your NXT in a VERY secure wallet and publish the account number for all to see. This serves as the "gold reserve"
Say you set a target of 2% inflation, so for every 100NXT asset the central banker (CB) sells, there is an expected interest payout, and a chance for loans, and market forces to play their hands.
I assume this is one more reason the CB would have to be smart,
To be honest, with the way the re-distribution of funds from Whale dumps right now is affecting the price, we would need to wait for much greater stability or risk the whole thing being gamed.
Thoughts?
I want Krusty Krabs and Klav Kalash.
I'm looking for someone who is skilled enough to prepare IPO of a Nxt related* project. The project will be IPOed on Nxt Asset Exchange. The shares will be traded on AE, dividends will be paid as described by BCNext in his example about Krusty Krabs.
PM me plz.
---
* - it's related to Digital Goods Store.
Not actual anymore
Would you accept Nxt cryptocurrency? Open letter for shops and exchanges
http://justpaste.it/accept-nxt
https://i.imgur.com/36PESUM.jpg
https://i.imgur.com/0GIBHfl.jpg
http://justpaste.it/accept-nxt
https://i.imgur.com/36PESUM.jpg
https://i.imgur.com/0GIBHfl.jpg
12 new shops (since Saturday) now accept Nxt, also Nxt paper wallet generator coming soon: http://cryptopapers.com/
edit: 13th: https://www.briehost.com/index.php
Which are the 12 others?
So you are german and use schnidl as a nickname 
Lol.
You tech heads on here have really dropped the ball on NXT. One you shouldn't have a thread with this many geeks discussing code to promote a coin.
Two you have all managed to create an environment that seems elitist and condescending. You have made it all seem so complicated for the average user that they eventually thought screw this i'm going to an easy to open platform clone of NXT.
I own a ton of NXT this hurts me personally. What the hell is going on here, this isn't a coding party wise up or recognize you guys need to change or this coin is in the toilet. Well done....
Two you have all managed to create an environment that seems elitist and condescending. You have made it all seem so complicated for the average user that they eventually thought screw this i'm going to an easy to open platform clone of NXT.
I own a ton of NXT this hurts me personally. What the hell is going on here, this isn't a coding party wise up or recognize you guys need to change or this coin is in the toilet. Well done....
This thread is were the developers are talking difficult stuff, this thread is very important and let us peak inside of de development of Nxt. For the average Joe these forums are more easier to understand: http://www.nextcoin.org and https://forums.nxtcrypto.org. Good luck!
Thanks for that!
Just picked up some more NXT during this sale.
-- this is how conversations about nodecoin and other wtf coins on top of nxt should look
I am really glad that the first Nxt financial and economic analysis was finished,
so I can present you a 15-pages paper from one very smart guy:
What are the economic parameters of Nxt?
his Nxt ID for donations is:
1820734801611231561
Comments will be post to: https://nextcoin.org/index.php/topic,4433.0.html
so I can present you a 15-pages paper from one very smart guy:
What are the economic parameters of Nxt?
his Nxt ID for donations is:
1820734801611231561
Comments will be post to: https://nextcoin.org/index.php/topic,4433.0.html
All this hand wringing the last few days has been because one or two big stakeholders have sold some of their stockpile. Maybe they wanted to buy a car or something, who knows? The progress of Nxt has been excellent. Wesleyh client is awesome. Asset exchange being tested and will be functional within weeks, Transparent forging and big increase in TPM capability coming in April. Adam B. Levine says Nxt looks like the future Bitcoin and he's very excited about it. Tons of other good news. Don't let the price or the trolls get you down!
Ufff I guess we just gotta stay positive!!
Theres obviously an expectation issue to account for, but currently it feels like a collective wall has been hit, with people looking at each other, hoping the other knows how to get over said wall. 
No.
Just to name some who are not just looking at each other and hope or talk: JL, CfB, James, CIYAM, the committees. And there are a bunch of other Nxters and guys (not Nxters) who work on services, gateways, tools, marketing, ...
There are LOADS of people talking to each other.
They just don't do it in this thread. Sometimes you just want to get on with it and that means getting behind the screen and not answering calls.
Don't equate silence as non-action, please.
Look at salsacz: he has done absolute shitloads of work, which now becomes more and more visible. All behind the scenes.
The same goes for many, many people who are beavering away and want to present something that is finished instead of half-baked.
All this hand wringing the last few days has been because one or two big stakeholders have sold some of their stockpile. Maybe they wanted to buy a car or something, who knows? The progress of Nxt has been excellent. Wesleyh client is awesome. Asset exchange being tested and will be functional within weeks, Transparent forging and big increase in TPM capability coming in April. Adam B. Levine says Nxt looks like the future Bitcoin and he's very excited about it. Tons of other good news. Don't let the price or the trolls get you down!
12 new shops (since Saturday) now accept Nxt
which shops? I feel like going on a shopping spree!
ctrl+f and type nxt
+ 2 more
Nice to see that coinpayments.net will continue its services
Also: great job on getting merchants to accept Nxt!
Theres obviously an expectation issue to account for, but currently it feels like a collective wall has been hit, with people looking at each other, hoping the other knows how to get over said wall.
No.
Just to name some who are not just looking at each other and hope or talk: JL, CfB, James, CIYAM, the committees. And there are a bunch of other Nxters and guys (not Nxters) who work on services, gateways, tools, marketing, ...
12 new shops (since Saturday) now accept Nxt
which shops? I feel like going on a shopping spree!
ctrl+f and type nxt
+ 2 more
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