Topic: NXT :: descendant of Bitcoin - Updated Information - page 341. (Read 2761645 times)

At least you need Nxt to issue Asset, right?

Last time I checked, the only reason to any Nxt service (DAC, NxtCash) was to spend/receive Nxt, so why would using any of those services exclude Nxt?  We have a Nxt platform and apart from the core, anyone should be allowed to develop anything they want on top of it.  If we don't encourage complete openness to our platform, others will develop in alt POS coins.  

Nxt Mining Pool Bounty posted @ Nextcoin.org

https://nextcoin.org/index.php/topic,4399.0.html

Initially seeded with 20k, please feel free to follow the link and donate additional funds to the posted address.  My initial 20k are being sent to that address (from cryptsy) hopefully they will show up before Monday.

I can understand a coin- token on top of decentralized platform. I cant understand a coin that is also the platform and building block of a free network. theoratically- all entrepreneurs can use  the network create coins on top of it and other assets, pay dividends and gamble, and NEVER require the use of a single NXT (especially if forging is now resulting in node coins)

Etherium are requiring ETH to be the oil of every transaction and that will drive both ETH usage and the etherium platform as a whole. here is seems to NOt be the case. am I wrong?

+1

You mean something like Cryptsy. When you order has filled. Good idea.

Yes.

Moving on.

So, it is a coin.

(For all those who need it to be a coin)

Nxt is not a coin. NXT is a coin, token, fee ticket, whatever...

Great- If I thought this was the answer I wouldnt ask and be happy with my investment.

BUT this is not the assertion of some here, including BCNEXT's old postings and CFB. They clearly look at the ultimate goal as a 2.0 with many assets and coins on it with NXT as building block and NOT coin.

The sentence: this is not a coin is repetitive throughout

Unfortunately I could not disagree with you more. We aren't going to shrink wrap Nxt and sell it in Walmart.  It's definitely a generational thing.  Some people don't understand why Whatsapp is worth $19Bil without making a cent.  It's because they focused on nothing but offering the best free service and building userbase at which point companies (facebook) said "That 500mil userbase is worth something"  BTW, Twitter made $250m and Zynga (Farmville) made $311M last quarter.

Nodecoin is not changing Nxt.  It's an asset on Nxt exchange, one that I believe is extremely innovative.  Nxt is still POS, it Always will be.  There is an asset that is POW, but it's not in Nxt core.  It's a new coin built on top of Nxt. We can't tell people what assets they can and can't build.  We need to encourage everyone to build anything they want on top of Nxt, because no matter what, they will need to acquire Nxt to buy, sell, send, any asset.  To me, it's very anti-nxt to try and discourage any idea no matter how radical.

It is a 1.0 cryptocurrency as long as people give value to it, and you will be able to buy goods or services with it. 2.0 properties will make it much more useful.
With nxt you will be able to buy everything you can buy with bitcoin + you will be able to buy stock options,gold,digital tokens,etc..

2.0 is the reason for people to work with Nxt.Once it is adopted, more commerces and an economy will be built to be used as a 1.0
It is like asking why couldnt i pay my flight tickets with bitcoin in 2010,first you need a critical mass adoption.

I cut you right there. NXT is a coin, or token.

Google chrome.Im not sure how to verify the version.Can it be Versión 33.0.1750.146 m
I've been trying the testnxt for long and havent updated anything or changed anything in the browser,but i am not sure if i had this feature working properly before.

Edit: Looking for the version,it updated and says everything is updated now.I restarted browser but it is still happening.

I am going to keep asking untill someone either tells me that this is nonesense (and explain) or a real explanation...  

If NXT is ONLY a building block and NOT a currency- what will drive its value?

Some on this thread believe that the overall value of transactions within the NXT ecosystem will drive the value of a single NXT and the overall market cap even if NXT itself is no longer a currency. One other person in this thread called it the gold, the basic store of value etc.

I believe that this, or aspects of this are the real problem around the node discussion and a contradiction:

If this was a centralized company (like ripple or google) than I would be very happy to become a decentralized Sysco (infrastructure) or Google (implementation) and enjoy my price per share (the parallel to my price per NXT) go through the roof. However, in a decentralized setting- this is not the same thing. The NXT building blocks per se are not worth anything if not ALSO functioning as a unit of exchange either within the NXT ecosystem or as a combination of ecosystem and real world transactions (BTC in overstock or Virgin for example)

Since this is NOT a share or a financial asset per se (if primarily a building block as BCNEXT and friends want it) it will have no real monetary value. it will only have monetary value if used as the oil within the NXT ecosystem (this is what Etherium are doing with their ETHER), i.e. that you need to have some to create anything + to transact + to pay dividends etc. NOT just a building block.

Abandoning the 1.0 aspect of NXT will diminish the value from which a cap is derived

Using this as a 1.0 on top of the decentralized platform and requiring fees, pay dividends but stuff etc. will create a real economic value - an economy on which it will work.

Right now I dont see NXT as emphasizing 1.0 aspect and therefore dont see how it will hold value independently- but rather have great valuable decentralized asstets on top of it without real value as per 1NXT transferable to BTC or USD.

can someone argue against my assertion? thank you- and soryy for asking this for the 6th time in the past 10 days

  

lol...  This made my (Fri)day!

Which browser + version is this? thx

No , you shouldn't .

For everyone's reference to discuss:

I skip every post that mentions nodecoin.