Topic: NXT :: descendant of Bitcoin - Updated Information - page 374. (Read 2761650 times)

I am not at all convinced nodecoin is a good idea.  I recognize it is a cool technical accomplishment, which is a totally different thing.

NXT has a real problem.  We are all so smart here we forget that we are trying to be competitive in a dog-eat-dog cryptocurrency world that is catering to the masses who don't care about cool tech, they care about their own needs.  What need does nodecoin solve FOR THEM?  NOTHING.  IT WILL CONFUSE THEM.  Are they supposed to care about NXT?  Nodecoin?  their own coin they create and bloat up our blockchain with?

THIS IS BRAND DILUTION FOR NXT AND BRAND DILUTION CAN BE FATAL.

James, anybody, please state in one sentence set aside by itself as its own paragraph just what the purpose of nodecoin is.

Folks, does this purpose help sell NXT to the average cryptocoin user?

fair coin,  fees coin

I am your average Joe technically but have two Masters degrees. I dont have a problem with GUI coming in 3 months or 4. doesnt matter. will all come in time. BUT I STILL DON'T GET IT SORRY:

IT was said:

NXT is a decentralized exchange.- OK great
NXT is a decentralized bank. OK great
NXT is a decentralized democracy system. OK great
NXT is a decentralized messaging system. OK great


NXT is a coin. (remember: a coin- not a stock. and i need to see an exchange value in it to use it as coin. so i need an economy in which this will be used like BTC in overstock or alternatively for dividends, games, gambling, asset creation etc)

How is the coin being used within the framework of the network? what will drive its demand and thus value on the decentralized exchange?

why am I asking? (and sorry for re-asking for the 4th time:)

because I can now technically issue a stock in DAC on top on the NXT network without having to use NXT the coin for it

I can also issue a new vertical coin for my 150 stores on top of the nxt network to be used internally as a discount token/value, while perfectly taking advantage of the decentralized aspect and network but I dont need to use a single NXT accept from the initial asset issuance

so the question is: where does the real economic value of NXT as coin is coming from?  

Wishful thinking..
Don't get me wrong but big stakeholders will prefer to dump (maybe this is what is happening atm) than an endless donation to small stakes!
Of course this is a way to solve the distribution problem but I am not sure this is the for the best for 2 reasons:

1) Big stakeholders are key to NXT success because unlike other projects we have money to spend
2) Devaluing the currency (as Pin says) is a great way to discourage new investors

Bonus track) The assets listed in AE whom value will be in NXT will see their capital shrink

I agree, there are different points of view, but it seems to me that there are many, many ideas thrown around in this community and finishing of the stuff is going slowly. This is why CIYAM left the thread, man just doesn't have time for endless discussions and CFB lately made couple of times comments how there is no that much time for discussions that he needs to speed up implementation. Don't get me wrong, ideas are essential but we need balance between ideas and work/ finishing, releasing things.

We need to stop calling our daughtercoin "nodecoin" TODAY and call it something COOL.  Coolcoin.  Unicorncoin.  Rainbowcoin.  GoldNuggets.  Charitycoin.  Greencoin.  GermanShepardCoin.  CollieCoin.  IceCreamBar.  RainForestCoin.  SOMETHING.  COOL.  NOT.  TECHNO.

Think POPULARITY and COMMUNITY.  

I don't know how it works. It will be good if it can really strengthen the network. But is it a reward for pure mining? Does a person already earn transaction fee as the reward for running a node? Now you try to double reward pure mining. Is all this consistent with BCNext's vision? BCNext tried to get rid of mining for mining (selfish mining). He wanted to encourage people to build business and strong nodes to be able to Handle DDos attach.

Nice analogy.

He does a lot for the community.

NXT is a decentralized exchange.
NXT is a decentralized bank.
NXT is a decentralized democracy system.
NXT is a decentralized messaging system.
NXT is a coin.

The proof is all the activity on Bitcointalk (2270+ pages!), great activity on Nextcoin.org, a lot of projects (list @ http://nxt.startpagina.nl) started all the time, people speaking on conferences (Tai zen), podcasts, etc... Look for another 'altcoin' that has this. There arent' any!

+1 bye bye

So what are you doing for community and marketing? You are trolling the community and get people annoyed.  

Not exactly, but "devs" in early steps of a project (a.k.a right now) are the heart and the legs of it. We should take care of them.

Anyway, if this community is "represented" by this thread,  right now, we are far far away from being "nice"  You just need to read the last post to see my point.

I think no one is actually saying we should go mainstream without these.
I have also not seen anyone mentioning that Nxt be confined to "nerds"

However: do you seriously expect mainstream functionality in four months, when most of the developers have only seen the full code starting january and now the full code in March?

All your points can be answered in the affirmative. Yes, we are still groping towards a goal. Yes, we don't have everything in place. Yes, we cannot expect the average user to use Nxt at this moment.

Even with all this, we seem to reach opposite conclusions. You that Nxt is doomed and lagging and will fail. I that Nxt is young, in development and full of potential, whatéver the competition does.

With the same information that you had access to, and not being a "geek" or "nerd" or a coder, I never saw Nxt as a "coin", but as a "system". Otherwise I would never even have stepped in. I find coins boring, and not something I would invest in.

I can seriously see your point, and cannot argue against your personal conclusions from your apparent perspective. That doesn't mean that your perspective it the only one. I sincerely dislike being painted like some idiot that múst be wrong because he doesn't share your conclusions, and some other people probably do, too.

It is very possible to have access to the exact same facts and reach completely different conclusions.

- no, you had not (if do not wish to do so). You can pretend, that you do have an account, and simply enter your passphrase.

I agree with LemonAndFries and Uniqueorn in one thing at least: How many people is actively working on and developing NXT right now? Apart from CFB, Jean-Luc, James....? Where is the proof of "such a huge and nice community"?

We are in the middle of creating a simple client. It is not finished yet. Let alone published it for the mass yet and you are complaining.

I have sended the wallet to some friends (Average users) and asked if they can test it. I am waiting for the results.
So I can report it to Wesleyh so we can make it more user friendly.

I suggest you do the same.

We are talking about money, potentially significant sums. Not collections of selfies and gossip about stuff you aren't really interested when you wrote it.

I am confident this will change over time so maybe you are just too early for your own comfort. Come back in 6 weeks and you might be more comfortable.

No you're not, not if you know about bitcointalk.org.  Even reddit is not for the average user.

Source: I have friends who are very average and hate dealing with these types of places.