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Topic: NXT :: descendant of Bitcoin - Updated Information - page 331. (Read 2761650 times)

full member
Activity: 154
Merit: 100
full member
Activity: 238
Merit: 100
Are there some people left who're NOT dumping their Nxt? I see a lot of whales want out.

Why exactly is it?

show me more than 2 dumping whales in last 6 days:
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=10715382765594435905
- everyone is buying

This is what scares me. I noticed this too, that this price decrease has been done by only 2 guys and about 3M NXT in last 10 days. These 2 guys have still 60M together.
 
I hope other whales don't follow these two.

Why ? We need big whales to spend their money so that the coin is more fairly distributed. Best would be if this is done via forum or private deals though, so that it doesn't affect exchanges.

You are right, it is good for NXT. But we also need some balance, too much of this "good" thing and people will lose faith. New people don't buy when the price is going down and when is cheap. More people will buy when the price is rising even though it is more expensive for them. It is psychology.

Also I don't like the fact that some people are losing patience and leaving and by some people I mean NXT veterans.
hero member
Activity: 490
Merit: 504
after I contacted admin he asked me: "Is the NXT community interested in the products we offer?"

http://saltsworldwide.com/

are we interested? to buy salt by nxt? I use salt quite often
full member
Activity: 154
Merit: 100
Current sites about NXT are terrible.

I like my site Cry



Grin
full member
Activity: 238
Merit: 100
Quote
Many people are leaving this thread and this community as you can see in last week or so.

Is that right?  Are they going to NEM?

I could use some help with my DGEX question above.  Is it normal to not hear from them in 4 days?

I don't know where the hell are they going. Some are leaving, some are just taking a break from the thread, some are disappointed by the price, some by lengthy discussions here, etc..

Yes it is normal for DGEX. You need to be boring and contact them every day. Make sure you submit your ticket via their contact form.
Also here is their forum thread.

https://nextcoin.org/index.php/topic,3.0.html

You should contact them here daily and demand explanation.

hero member
Activity: 808
Merit: 1011
Little summary for the average joe like me who will need to make nrs ready on windows7,
please complete if needed :

* download last NRS (message 1 page 1 of this thread)
* unzip
* install last java client if needed
* create .bat file with notepad++
code: "c:\Program Files (x86)\Java\jre7\bin\java.exe"  -Xmx1024M -cp nxt.jar;lib\*;conf nxt.Nxt
*install this .bat in the main nrs folder unzipped earlier

* double click on your new run.bat file
* wait a bit
* in your browser, enter these adresses:

http://localhost:7875/

http://localhost:7876/admin.html

http://localhost:7876/alias.html



I know it seems a crap step by step but it may be usefull to some, there are clients
but people need to understand a bit how to use Jean-Luc work.


I think this is more correct for now. For version 0.8.10.

Latest version is 0.8.8, or? https://bitcointalksearch.org/topic/m.5708597
sr. member
Activity: 308
Merit: 250
Are there some people left who're NOT dumping their Nxt? I see a lot of whales want out.

Why exactly is it?

show me more than 2 dumping whales in last 6 days:
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=10715382765594435905
- everyone is buying

This is what scares me. I noticed this too, that this price decrease has been done by only 2 guys and about 3M NXT in last 10 days. These 2 guys have still 60M together.
 
I hope other whales don't follow these two.

Why ? We need big whales to spend their money so that the coin is more fairly distributed. Best would be if this is done via forum or private deals though, so that it doesn't affect exchanges.
hero member
Activity: 490
Merit: 504
I hope I am wrong.
you are wrong

Is that right?
no, it's a lie.

btw NEM ipo is over. It was only 25 days long, NXT IPO was 60 days long
full member
Activity: 238
Merit: 100
Are there some people left who're NOT dumping their Nxt? I see a lot of whales want out.

Why exactly is it?

show me more than 2 dumping whales in last 6 days:
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=10715382765594435905
- everyone is buying

This is what scares me. I noticed this too, that this price decrease has been done by only 2 guys and about 3M NXT in last 10 days. These 2 guys have still 60M together.
 
I hope other whales don't follow these two.
legendary
Activity: 1372
Merit: 1000
Quote
Many people are leaving this thread and this community as you can see in last week or so.

Is that right?  Are they going to NEM?

I could use some help with my DGEX question above.  Is it normal to not hear from them in 4 days?
hero member
Activity: 490
Merit: 504
Are there some people left who're NOT dumping their Nxt? I see a lot of whales want out.

Why exactly is it?

show me more than 2 dumping whales in last 6 days:
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=10715382765594435905
- everyone is buying, only 2 guys were selling (1,5 mega, 0.5 mega)
full member
Activity: 238
Merit: 100
Are there some people left who're NOT dumping their Nxt? I see a lot of whales want out.

Why exactly is it?

Take a look at the top 60 accounts. Do you know how many NXT is that for 60 people?

Well, to many. Price is going down constantly last couple of weeks. Many people are leaving this thread and this community as you can see in last week or so. Stakeholders see all this as well, they are also getting little scared about the future so they are cashing out some of their NXT.

Unfortunately all of this is a snowball effect. I am afraid that if we don't get some fresh new cash soon that it might get ugly. Maybe I am wrong though. Actually, I hope I am wrong.
full member
Activity: 126
Merit: 100
Are there some people left who're NOT dumping their Nxt? I see a lot of whales want out.

Why exactly is it?
legendary
Activity: 1372
Merit: 1000
How long does DGEX usually take to resolve an issue?  I requested a withdrawal, they asked me to verify a couple of accounts that aren't mine, I wrote back to them about it, and I haven't heard anything from them in 4 days.
hero member
Activity: 655
Merit: 500
Little summary for the average joe like me who will need to make nrs ready on windows7,
please complete if needed :

* download last NRS (message 1 page 1 of this thread)
* unzip
* install last java client if needed
* create .bat file with notepad++
code:
Code:
"c:\Program Files (x86)\Java\jre7\bin\java.exe"  -Xmx1024M -cp nxt.jar;lib\*;conf nxt.Nxt
*install this .bat in the main nrs folder unzipped earlier

* double click on your new .bat file
* wait a bit

* in your browser, enter these adresses:

http://localhost:7876/admin.html

http://localhost:7876/alias.html


I know it seems a crap step by step but it may be usefull to some, there are clients
but people need to understand a bit how to use Jean-Luc work.








Thanks for your post! How do I run NXT through TOR?

Why with tor ?


To prevent someone being able to connect account numbers with IP addresses (and eventually with the account owner).

With NRS it's as easy as this:

java -DsocksProxyHost=localhost -DsocksProxyPort=9050 -cp nxt.jar:lib/*:conf nxt.Nxt

It has been said that this still leaks DNS requests outside TOR.

Thanks!!
full member
Activity: 224
Merit: 100
Little summary for the average joe like me who will need to make nrs ready on windows7,
please complete if needed :

* download last NRS (message 1 page 1 of this thread)
* unzip
* install last java client if needed
* create .bat file with notepad++
code:
Code:
"c:\Program Files (x86)\Java\jre7\bin\java.exe"  -Xmx1024M -cp nxt.jar;lib\*;conf nxt.Nxt
*install this .bat in the main nrs folder unzipped earlier

* double click on your new .bat file
* wait a bit

* in your browser, enter these adresses:

http://localhost:7876/admin.html

http://localhost:7876/alias.html


I know it seems a crap step by step but it may be usefull to some, there are clients
but people need to understand a bit how to use Jean-Luc work.








Thanks for your post! How do I run NXT through TOR?

Why with tor ?


To prevent someone being able to connect account numbers with IP addresses (and eventually with the account owner).

With NRS it's as easy as this:

java -DsocksProxyHost=localhost -DsocksProxyPort=9050 -cp nxt.jar:lib/*:conf nxt.Nxt

It has been said that this still leaks DNS requests outside TOR.
hero member
Activity: 655
Merit: 500
Little summary for the average joe like me who will need to make nrs ready on windows7,
please complete if needed :

* download last NRS (message 1 page 1 of this thread)
* unzip
* install last java client if needed
* create .bat file with notepad++
code:
Code:
"c:\Program Files (x86)\Java\jre7\bin\java.exe"  -Xmx1024M -cp nxt.jar;lib\*;conf nxt.Nxt
*install this .bat in the main nrs folder unzipped earlier

* double click on your new .bat file
* wait a bit

* in your browser, enter these adresses:

http://localhost:7876/admin.html

http://localhost:7876/alias.html


I know it seems a crap step by step but it may be usefull to some, there are clients
but people need to understand a bit how to use Jean-Luc work.








Thanks for your post! How do I run NXT through TOR?

Why with tor ?

Security. Paranoia. Habit.
newbie
Activity: 34
Merit: 0

That is correct. However, there is no jurisdiction backing up his claim.

If a company doing an IPO on NXT isn't legally incorporated in a state or country, I'd stay the hell away from that investment.

Yep.

In many common law jurisdictions (perhaps civil law jurisdictions as well) "investors" in a common enterprise not carried on through a separate legal entity may be found to be partners in a general partnership and as such would be fully liable for the debts and liabilities of the partnership.

This, plus the fact that selling unregistered securities to the public is often prohibited, makes all these experiments very dangerous legally.


That seems to imply that any and all holders of NXT are "partners in a general partnership and as such would be fully liable for the debts and liabilities of the partnership," since we are all "'investors' in a common enterprise"...etc.

Is this a correct interpretation, cryptolawyer?

There is no legislation regarding cryptos directly, so there are no precedence to look to to provide a clear picture of what will happen in such cases. It really depends on how the court decides to few cryptos. But in the case that they view them in such a way, then applicable laws would apply.

The safest way to approach is to assume that if you can be criminally charged, you will be; If you can possibly be held liable, you will be sued. If you have a good attorney, your good intensions MAY be taken into account in court...Maybe.

The bottom line is that both sides of the fence cannot be played. I people want cryptos to be taken seriously, then we can't forget this. If we want cryptos to be seen as legal tender or legit currency, then we have to expect to have to play by the rules. There is no half way. It has to be all in our all out.

The fact is that some of the developments that have occurred, or are in the process of occurring with NXT leave ALOT of people exposed legally, and could be seen in court to be direct violations and criminal fraud. Truly a can of worms.



I have to admit that I am unsure as to whether a cryptocurrency by itself could be deemed to be a security and therefore form a basis for holders to be deemed partners in a partnership or to deem that an unregistered offering occurred when the initial currency was issued. In fact, the SEC here in the US mused over the issue last year, although they appear not to be pursuing that line of reasoning recently. In the US the outcome may turn on the application of the "Howey" test for securities, and may fail in the requirement that holders expect profits based solely on the efforts of others. Encouragingly, there are examples of non-crypto private currencies having been used for years in some towns in the US, and to my knowledge none have ever blown up in their users' hands.

"Shares" in non-entities where returns are expected from the operations of the non-entity are almost certainly securities under the Howey test, however, and in my opinion dealing in such shares is a much more likely activity to get people in trouble than just holding and using cryptos as a currency. And calling the issuance of these shares "IPOs" (a term widely understood to mean a registered offering) is akin to begging the regulators to take a closer look (and they won't like what they see).

Personally, I hold and use cryptos, as I view the risk of liability in that context to be minimal (and we have other regulators, like FinCEN, affirmatively stating as much in respect of other areas of law). I would not, however, invest in non-entities (crypto or otherwise); most forms of separate legal entities provide limited liability protection for their owners (admittedly to different degrees and subject to certain exceptions), and there is simply no good reason not to avail yourself of such protection. Even if the likelihood of being held personally liable for the business' liabilities is remote, why even go there?

Probably the most risky of all is publicly offering and selling unregistered securities (whether or not of a separate legal entity). In the US this is a textbook violation of SEC regulations and other laws, and my guess is that this is where we'll see the first legal action, either by the SEC itself and/or by an investor who loses money.

And while I am a lawyer, I am not YOUR lawyer, and none of the above is legal advice.
legendary
Activity: 1778
Merit: 1043
#Free market
Little summary for the average joe like me who will need to make nrs ready on windows7,
please complete if needed :

* download last NRS (message 1 page 1 of this thread)
* unzip
* install last java client if needed
* create .bat file with notepad++
code:
Code:
"c:\Program Files (x86)\Java\jre7\bin\java.exe"  -Xmx1024M -cp nxt.jar;lib\*;conf nxt.Nxt
*install this .bat in the main nrs folder unzipped earlier

* double click on your new .bat file
* wait a bit

* in your browser, enter these adresses:

http://localhost:7876/admin.html

http://localhost:7876/alias.html


I know it seems a crap step by step but it may be usefull to some, there are clients
but people need to understand a bit how to use Jean-Luc work.








Thanks for your post! How do I run NXT through TOR?

Why with tor ?
newbie
Activity: 22
Merit: 0
My thoughts on how private marketplaces on top of the Nxt blockchain could work in this thread:

https://bitcointalksearch.org/topic/m.5699472
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