Topic: NXT :: descendant of Bitcoin - Updated Information - page 344. (Read 2761645 times)

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.

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.

Holy fuck! I love this idea! What do wo need to make this reality?

Better just to do Asset Exchange TESTnet ANN today to so gain spotlight cuz mastercoin distributed exchange launches in few hours.

NOT NOW, TESTNET IS DOWN

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!

I have 1,000,000 TestNxt.
I want to send it out to two people, so we have two people looking at it.
Then I will make the thread and we can GO!
Please give me your Test account number and I'll send you 500,000 TestNxt

Lets try it...its only a testnet launch anyhow....and they will come to know once they reach the client anyways.

btw no reactions on using Nxtcoin name?

https://bitcointalk.org/index.php?topic=345619.msg5687199;topicseen#msg5687199

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?

if there was no mention about Nxt in the name of the AE topic, THEN it might be more viral..

Pm's will be sent out over the next two day to all concerned persons.

I'd be happy to make a thread for AE.

What needs to be clear for everyone?

I think just this, isn't it?

Wesley's client: http://nxtra.org/nxt-client/

Where can they ask for TestNxt? In the [ANN] thread? Who will give those out?

Please let me know and I'll make one. Won't have time to monitor it today, though, so some people should step in, too

I don't think it's all that bad to attract more 'miners'. They secure the network, attract a lot of attention to Nxt, so everybody benefits. Maybe a few miners stay for the stake! Better than no attention at all IMO. 

This endless discussion about nodecoin became quite boring, I'm going to derail it a little...

I hate nodecoin already because of all this discussion. Could we now talk about Nxt and NXT again? And don't say "nodecoin is Nxt, you don't get it" to me.
Btw NXTcash and other stuff please without nodecoin. Thanks.

James is under enough pressure just answering to his own right now. He has asked for someone to do a whitepaper. Anyone?

But Wait! That might cause a big influx of new users that we did not have before! Oh, the horror!
  

Such as the fee currently are distributed this is true? not

currently we need VPS node to secure  network
small accounts does not incentivized to active a node


Currently Nxt is green? yes
Currently Nxt is safe? yes using VPS (trust points, centralized)
Currently Nxt is decentralized? No. Raspberri pi nodes have no interest in having its node active. There are few transactions and value of the fee is ridiculous because Nxt coin price is low

No matter you run a node or server you still need to run NRS, right? If you just want to compensate people for maintaining/running a server you can do it with Nxt or BTC, right? Why nodescoins? Nodecoins have no original value. You create a nodecoin for free and you set up a price for it (0.01nxt=1nodecoin). It devalues Nxt. Will you pay for it from your own pocket?

Some people kept to say that nodecoins are just asset. Go ahead to create a such asset in the AE yourself. No one stop you to do so. If I create a asset on AE like that, will people buy from me? No. first, one one trust me. second it has no value.