some testNXt please : 4891842774218925776
7k sent
Topic: NXT :: descendant of Bitcoin - Updated Information - page 343. (Read 2761645 times)
This is my question as well. Instead of using nodecoin as the sole incentive for running a node...why not let the OTHER assets on NXT be the reward? You could reward people small amounts of any coin (or asset) they desire from the trading fees (small amounts...say 0.00000010 or less). Someone with a large stake in NXT could get slightly higher amounts. That way even someone that has just 1NXT...gets something for being an active node. That would give one hell of an incentive to get into NXT. Everyone becomes there own micro exchange.
Am I completely off base here?
of course!
this is the solution. AE NXT exchange charges a small fee for each transaction and distributes
the fee to the active nodes
The active nodes receive two fees
A fee for each exchange assets independent of fund account
A fee as currently does nxt if node forges
why have you not been backing me up in the past when I have been suggesting this?
I don't read all the posts.
why have you not been backing me up in the past when I have been suggesting this?
I don't read all the posts.
Nxt Network - Energy and Cost Efficiency Analysis
Comparing Bitcoin and NXT
https://docs.google.com/document/d/1J8uhdshu9epGRrQHBaloGc4itdvuAHZDAUtNDjOhz-8/edit?pli=1
Please review that paper and leave comments there.
Comparing Bitcoin and NXT
https://docs.google.com/document/d/1J8uhdshu9epGRrQHBaloGc4itdvuAHZDAUtNDjOhz-8/edit?pli=1
Please review that paper and leave comments there.
It's a bit of a disgrace they only pay 1 fee for sending al those hunderd-thousands of NXT. Sometimes I think the fees should be relative to the amount of NXT. Something like this:
< 10 000 NXT send = min. 1 NXT fee
10000-100000 NXT send = min. 10 NXT fee
100000-1000000 NXT send = min. 100 NXT fee
> 1000000 NXT send = min. 1000 NXT fee
In the future this could be, because we want to lower the fees:
< 10 000 NXT send = min. 0.01 NXT fee
10000-100000 NXT send = min. 0.1 NXT fee
100000-1000000 NXT send = min. 1 NXT fee
> 1000000 NXT send = min. 10 NXT fee
What are your thoughts? The big guys earn of the fees of the small guys now, so it's more fair if they pay more for transactions?
< 10 000 NXT send = min. 1 NXT fee
10000-100000 NXT send = min. 10 NXT fee
100000-1000000 NXT send = min. 100 NXT fee
> 1000000 NXT send = min. 1000 NXT fee
In the future this could be, because we want to lower the fees:
< 10 000 NXT send = min. 0.01 NXT fee
10000-100000 NXT send = min. 0.1 NXT fee
100000-1000000 NXT send = min. 1 NXT fee
> 1000000 NXT send = min. 10 NXT fee
What are your thoughts? The big guys earn of the fees of the small guys now, so it's more fair if they pay more for transactions?
Fee should depend on data size coz it solves a technical problem (spam prevention). An attempt to make it depending on sent amount is an attempt to make the world more "fair". Don't mix technical and political/ethical problems, plz.
why have you not been backing me up in the past when I have been suggesting this?
ok, so wesleyh will create a topic. Move on 
NOT NOW, TESTNET IS DOWN
wesleyh, when is it up again?
It's a bug, it needs to be fixed. Need new version of NRS most likely.
NOT NOW, TESTNET IS DOWN
wesleyh, when is it up again?
Woah, what an interesting 24 hours. Every time I think I understand, I get a bit more confused.
First, James, great work. Regardless of where this all goes, your ability to innovate at the speed you do is undeniable. You are a great asset to the Nxt community.
I am not for or against Nodecoin at this point so I will simply hold my opinion until I am better educated.
However, now for the bigger questions, and this is not just in relation to Nodecoin but to all other coins planned in the future on top of Nxt. If we react to Nodecoin in this manner, I fear what the next weeks will be regarding additional assets and and/or coins. I hope we are able to come to a consensus as soon as possible and allow innovation to flourish.
So, if I am mistaken in my understanding, please correct me.
The purpose of Nodecoin is to encourage network participation?
Nodecoin is rewarded to those that run a node and is redeemable for Nxt?
My question regarding this is, "Where do they redeem them?". Is the scenario something like this.
I am a new comer to Nxt, I have 0 Nxt and no funds to purchase. So, I decide I want to run Nodeminer in hopes of redeeming Nodecoins for Nxt. I run Nodeminer for a specified amount of time and at any time I have accumulated a certain amount I can then redeem for Nxt (and/or use in other services).
My question is, where do the Nxt to redeem actually come from?
Additionally, is Nodecoin redeemable for any other currency? Or is Nxt the only reward? Obviouslly, in a round about way, other coins could be converted to Nxt and then used for the reward.
Is it intended that users that already have Nxt, pre-buy Nodecoins shares to support the Network. Therefore in a sense, outsourcing part of our network participation?
First, James, great work. Regardless of where this all goes, your ability to innovate at the speed you do is undeniable. You are a great asset to the Nxt community.
I am not for or against Nodecoin at this point so I will simply hold my opinion until I am better educated.
However, now for the bigger questions, and this is not just in relation to Nodecoin but to all other coins planned in the future on top of Nxt. If we react to Nodecoin in this manner, I fear what the next weeks will be regarding additional assets and and/or coins. I hope we are able to come to a consensus as soon as possible and allow innovation to flourish.
So, if I am mistaken in my understanding, please correct me.
The purpose of Nodecoin is to encourage network participation?
Nodecoin is rewarded to those that run a node and is redeemable for Nxt?
My question regarding this is, "Where do they redeem them?". Is the scenario something like this.
I am a new comer to Nxt, I have 0 Nxt and no funds to purchase. So, I decide I want to run Nodeminer in hopes of redeeming Nodecoins for Nxt. I run Nodeminer for a specified amount of time and at any time I have accumulated a certain amount I can then redeem for Nxt (and/or use in other services).
My question is, where do the Nxt to redeem actually come from?
Additionally, is Nodecoin redeemable for any other currency? Or is Nxt the only reward? Obviouslly, in a round about way, other coins could be converted to Nxt and then used for the reward.
Is it intended that users that already have Nxt, pre-buy Nodecoins shares to support the Network. Therefore in a sense, outsourcing part of our network participation?
This is my question as well. Instead of using nodecoin as the sole incentive for running a node...why not let the OTHER assets on NXT be the reward? You could reward people small amounts of any coin (or asset) they desire from the trading fees (small amounts...say 0.00000010 or less). Someone with a large stake in NXT could get slightly higher amounts. That way even someone that has just 1NXT...gets something for being an active node. That would give one hell of an incentive to get into NXT. Everyone becomes there own micro exchange.
Am I completely off base here?
of course!
this is the solution. AE NXT exchange charges a small fee for each transaction and distributes
the fee to the active nodes
MARKETING TEAM!!!
Can we have a ANN Thread today?
"[ANN]: First PoW Coin on Top of NXT testNET! Just run a NXT node and earn nodecoins! Trade them on Asset Exchange!"
Fuck! Why is none doing this???
My english is to bad for doing things like that
Can we have a ANN Thread today?
"[ANN]: First PoW Coin on Top of NXT testNET! Just run a NXT node and earn nodecoins! Trade them on Asset Exchange!"
Fuck! Why is none doing this???
My english is to bad for doing things like that
NOT NOW, TESTNET IS DOWN
I run a my node on testnet, it not down, just your webservice?
Well lets give them the windows client with your latest client build in?
More accurately testnet is STUCK. See last block date time.
Ehmm, the whole testnet is down???
I run a my node on testnet, it not down, just your webservice?
Well lets give them the windows client with your latest client build in?
dont think that is a good idea. i think stick with the web client! wait until testnet is back up if we have to.. better to give ppl a link.. no download ect.. its just easier for people to do!
I will be away from computers till late tonight.
Leaving in 45 minutes.
So if it's up earlier, someone else can set up the thread maybe?
I can dish out TestNxt when I get home tonight to a few people so we can hand out stakes to testers.
OR: we can wait with the thread till I get home and start it then.
I think we want to be sure that it will be able to handle anything BCT users can throw at it anyway
Your call
Nxt have a better innovation compared to other altcoins popping up everywhere, but the only thing that is keeping it from progressing is the inability to mine Nxt when you have zero balance from you account or even if you have a thousand of it, decentralize means it is not controlled by a few big stake holders.
I proposed an option for "mining" Nxt. Technically, this isn't mining, but if someone were to do this, we could all use our SHA-256/Scrypt hashing power to acquire Nxt.
I first posted this over at the Nextcoin.org forum (see here). Please join the discussion and if anyone who reads this knows of an experienced pool admin who might be interested, please refer them to this topic.
The really cool thing about this approach is that people will most-likely not mine Nxt to dump it. They will mine Nxt and the process will pump it, rather than suppress value!
Practically any way you look at this approach is a benefit!
Interesting idea. FYI - here is his idea on nextcoin.org:
-----------------
The idea is simple. We could setup a SHA-256 & Scrypt mining pool. The pool can use the coinwarz API to determine which coin is currently most profitable and it could mine the most profitable coin at the moment. HOWEVER, instead of distributing these coins directly to the miners, the pool forwards all mining rewards to an exchange, dumps the coins, buys up Nxt with the profits and then re-distributes the Nxt to the miners.
So, although direct Nxt "mining" may not be possible, a mining pool for this purpose could help the entire community by providing an easy way for people to obtain some Nxt (even if the amounts are small) PLUS this should have a net-positive affect on the price of Nxt because the pool will be dumping other altcoins, and buying up Nxt.
So, does anyone know someone who could make this possibly happen? Seriously, I think this could be a great idea. I'd do it myself, but I don't have the time plus I've never managed a pool. If we have any former (or current) pool managers, this could be awesome!
-----------------------
some testNXt please : 4891842774218925776
And let the pool miners run Nxt in the background.
i think stick with the web client! wait until testnet is back up if we have to.. better to give ppl a link.. no download ect.. its just easier for people to do!
+1
Nxt have a better innovation compared to other altcoins popping up everywhere, but the only thing that is keeping it from progressing is the inability to mine Nxt when you have zero balance from you account or even if you have a thousand of it, decentralize means it is not controlled by a few big stake holders.
I proposed an option for "mining" Nxt. Technically, this isn't mining, but if someone were to do this, we could all use our SHA-256/Scrypt hashing power to acquire Nxt.
I first posted this over at the Nextcoin.org forum (see here). Please join the discussion and if anyone who reads this knows of an experienced pool admin who might be interested, please refer them to this topic.
The really cool thing about this approach is that people will most-likely not mine Nxt to dump it. They will mine Nxt and the process will pump it, rather than suppress value!
Practically any way you look at this approach is a benefit!
Holy fuck! I love this idea! What do wo need to make this reality?
Sounds good.
Nxt have a better innovation compared to other altcoins popping up everywhere, but the only thing that is keeping it from progressing is the inability to mine Nxt when you have zero balance from you account or even if you have a thousand of it, decentralize means it is not controlled by a few big stake holders.
I proposed an option for "mining" Nxt. Technically, this isn't mining, but if someone were to do this, we could all use our SHA-256/Scrypt hashing power to acquire Nxt.
I first posted this over at the Nextcoin.org forum (see here). Please join the discussion and if anyone who reads this knows of an experienced pool admin who might be interested, please refer them to this topic.
The really cool thing about this approach is that people will most-likely not mine Nxt to dump it. They will mine Nxt and the process will pump it, rather than suppress value!
Practically any way you look at this approach is a benefit!
Holy fuck! I love this idea! What do wo need to make this reality?
Someone to do it. I work full time and I am experienced enough to know that this type of project takes time to do right. I've worked with the client code but I have 0-experience working on a pool (plus I'm not a web developer.)
So, what we need is a motivated pool manager to do this. I wish it were me, but it's not. This is why I'm willing to start a bounty. However, I won't be able to get that going until a little bit later today.
What do you think about this business model?
To those of you who have gone negative and dumped your NXT: I was able to pick up much more this payday than I expected and I am that much closer to my goal because of it. I believe you will regret it in the future but I thank you.
They were basically two whales
They have enough left ánd you are happy!
Win-win
Woah, what an interesting 24 hours. Every time I think I understand, I get a bit more confused.
First, James, great work. Regardless of where this all goes, your ability to innovate at the speed you do is undeniable. You are a great asset to the Nxt community.
I am not for or against Nodecoin at this point so I will simply hold my opinion until I am better educated.
However, now for the bigger questions, and this is not just in relation to Nodecoin but to all other coins planned in the future on top of Nxt. If we react to Nodecoin in this manner, I fear what the next weeks will be regarding additional assets and and/or coins. I hope we are able to come to a consensus as soon as possible and allow innovation to flourish.
So, if I am mistaken in my understanding, please correct me.
The purpose of Nodecoin is to encourage network participation?
Nodecoin is rewarded to those that run a node and is redeemable for Nxt?
My question regarding this is, "Where do they redeem them?". Is the scenario something like this.
I am a new comer to Nxt, I have 0 Nxt and no funds to purchase. So, I decide I want to run Nodeminer in hopes of redeeming Nodecoins for Nxt. I run Nodeminer for a specified amount of time and at any time I have accumulated a certain amount I can then redeem for Nxt (and/or use in other services).
My question is, where do the Nxt to redeem actually come from?
Additionally, is Nodecoin redeemable for any other currency? Or is Nxt the only reward? Obviouslly, in a round about way, other coins could be converted to Nxt and then used for the reward.
Is it intended that users that already have Nxt, pre-buy Nodecoins shares to support the Network. Therefore in a sense, outsourcing part of our network participation?
First, James, great work. Regardless of where this all goes, your ability to innovate at the speed you do is undeniable. You are a great asset to the Nxt community.
I am not for or against Nodecoin at this point so I will simply hold my opinion until I am better educated.
However, now for the bigger questions, and this is not just in relation to Nodecoin but to all other coins planned in the future on top of Nxt. If we react to Nodecoin in this manner, I fear what the next weeks will be regarding additional assets and and/or coins. I hope we are able to come to a consensus as soon as possible and allow innovation to flourish.
So, if I am mistaken in my understanding, please correct me.
The purpose of Nodecoin is to encourage network participation?
Nodecoin is rewarded to those that run a node and is redeemable for Nxt?
My question regarding this is, "Where do they redeem them?". Is the scenario something like this.
I am a new comer to Nxt, I have 0 Nxt and no funds to purchase. So, I decide I want to run Nodeminer in hopes of redeeming Nodecoins for Nxt. I run Nodeminer for a specified amount of time and at any time I have accumulated a certain amount I can then redeem for Nxt (and/or use in other services).
My question is, where do the Nxt to redeem actually come from?
Additionally, is Nodecoin redeemable for any other currency? Or is Nxt the only reward? Obviouslly, in a round about way, other coins could be converted to Nxt and then used for the reward.
Is it intended that users that already have Nxt, pre-buy Nodecoins shares to support the Network. Therefore in a sense, outsourcing part of our network participation?
This is my question as well. Instead of using nodecoin as the sole incentive for running a node...why not let the OTHER assets on NXT be the reward? You could reward people small amounts of any coin (or asset) they desire from the trading fees (small amounts...say 0.00000010 or less). Someone with a large stake in NXT could get slightly higher amounts. That way even someone that has just 1NXT...gets something for being an active node. That would give one hell of an incentive to get into NXT. Everyone becomes there own micro exchange.
Am I completely off base here?
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