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Topic: NXT :: descendant of Bitcoin - Updated Information - page 376. (Read 2761644 times)

full member
Activity: 182
Merit: 100
NXT.org
And it's not about being negative, I have asked for solutions, proposed solutions etc. for months now.
I put the first spotlight on development halting months ago. These are all issues that could've been solved, but hasn't been, so my "negativity" is founded in reality.
I must have missed your solutions. All I see from you nowadays are "the sky is falling" type of posts. How exactly would you have prevented some electiontime tactics from making the cointropolis guys leaving? How exactly would you have prevented Ciyam leaving? None of your "solutions" would have done anything about that.


It's only in the last perhaps 5 days or so that I have began to lose complete faith in NXT, so your first statement is just a result of extremely short term memory.
Well first of all, noone was aware of the election tactics before Justabit did a bit of digging because the results were suddenly skewed overnight.
What I am most surprised at is that the community is somehow ok with dirtytactics being used by those who are sitting on 30% of our entire fucking fund.
I can't remember 100%, but I think you were the guy who said "well should've had counter-tactics" as if this was some sort of political vote.
There are no room for dirtytactics when the entire point of the vote is to have the best committee. How the fuck can the community accept such bullshit?

Quote
So, you consider jean-luc cranking out releases non-stop as development halting
wesley's awesome web client as development halting
all of my projects as development halting
all of the other people's projects as development halting

Red herrings.
Jean-Luc, CfB and you are the only developers left. I called attention to this months ago. There was pages sparked of debate from it and everyone agreed "OK WE NEED MORE PEOPLE". NOTHING has happened with that though and now that BCNext and CfB leaves we are left with 2 guys in charge of all the development of NXT.

Why you bring up wesley which I have praised 10 times in this thread is just retarded.


We also lost CIYAM because you guys refused to take any tips from a VERY experienced and educated coder.
This worries me a lot.
sr. member
Activity: 462
Merit: 250
Having second thoughts about having such big investment in NXT.

I have yet to see anything useful and now it's becoming an asset?

Lol? No, it's becoming an ASSET EXCHANGE. Nodecoin is an asset on top of the Nxt platform. Some people called it NxtCoin for fun..

I didn't invest in an Asset Exchange, if I wanted that I would have just gone to cryptostocks for that.

NXT is starting to become something that I AM NOT WILLING to have so much investment in.

NXT coin was my original investment, not a fucking exchange,
legendary
Activity: 1232
Merit: 1001
I really don't think it's possible for NXT to fail on those grounds..... all projects go through ups and downs, but NXT is a disruptive technology.  More important than friendly service and reaching out to average users.  Longterm means a huge win for NXT.....  Adapting for average users over time is something that probably will happen slowly and naturally
hero member
Activity: 490
Merit: 504
full member
Activity: 168
Merit: 100
Here is what I might have missed- please clarify

you wrote: Not sure I understand your logic. You make it sound like NXT is losing something by supporting assets.

Ofcourse not


Other than speculative value, what intrinsic value does any crypto currently have?

if used as currency/asset of exchange in a REAL WORLD or web based economical setting

Assuming NXT gets used by a large number of asset issues (regardless of what it is), then the fact that it is using NXT gives value to NXT. All assets within NXT are denominated in NXT. It becomes the reserve currency

So here is what I might have missed: you are saying that any asset, above paying 1000nxt to be created will be denominated in NXT.-- meaning that any action within it will require NXT again. ok but how will this work if i issue a share for a DAC or a new currency on which i will conduct my transactions?
At worst, it would be neutral. There is always the minimal tx fee, but even without that I dont see it as harming NXT. More people use things that are built with NXT, eg. "NXT inside" will help NXT. If just a fraction of the people transacting in your DAC shares takes an interest to NXT, then that is new blood coming into NXT.

How exactly does this hurt NXT?

nxt will be as the gold standard. will be the reference value. will be the foundation system.
full member
Activity: 210
Merit: 100
Here is what I might have missed- please clarify

you wrote: Not sure I understand your logic. You make it sound like NXT is losing something by supporting assets.

Ofcourse not


Other than speculative value, what intrinsic value does any crypto currently have?

if used as currency/asset of exchange in a REAL WORLD or web based economical setting

Assuming NXT gets used by a large number of asset issues (regardless of what it is), then the fact that it is using NXT gives value to NXT. All assets within NXT are denominated in NXT. It becomes the reserve currency

So here is what I might have missed: you are saying that any asset, above paying 1000nxt to be created will be denominated in NXT.-- meaning that any action within it will require NXT again. ok but how will this work if i issue a share for a DAC or a new currency on which i will conduct my transactions?
At worst, it would be neutral. There is always the minimal tx fee, but even without that I dont see it as harming NXT. More people use things that are built with NXT, eg. "NXT inside" will help NXT. If just a fraction of the people transacting in your DAC shares takes an interest to NXT, then that is new blood coming into NXT.

How exactly does this hurt NXT?

It doesnt- but as rickeyjames said a few days ago: NXT must not lose sight on it being a 1.0 coin within the 2.0 paradigm/platform. In other words--- it is great to have all the decentralized platforms but without inherently "forcing" users of all platforms to actually use NXT as the "money" of that network, we will not drive the value of the 1.0 aspect.

I think that both are important- the 2.0 drives value and builds a monster (in the positive sense) that clones will be hard pressed to clone, that will drive usage and attract business and users, while 1.0 is the currency of this economy. this will be a constant win win to both holders of NXTcoin, forgers, and asset holders.

They way it is recently discussed here--- the 1.0 issue is an afterthought. I will be comfortable with this if I had shares in NXT. but NXTcoins are NOT shares
sr. member
Activity: 308
Merit: 250
Having second thoughts about having such big investment in NXT.

I have yet to see anything useful and now it's becoming an asset?

Lol? No, it's becoming an ASSET EXCHANGE. Nodecoin is an asset on top of the Nxt platform. Some people called it NxtCoin for fun..
sr. member
Activity: 308
Merit: 250

very nice i love it! Cheesy

your plowing through my edit list lol

where or how would i copy the message/payment link for my own acc to send to someone?



I'm thinking of making the account ID (that is now copyable) a dropdown list, and you will be able to copy either the ID itself or a link to message  / send

Same for aliases that link to an account ID, but that will be on the aliases page then.
legendary
Activity: 1232
Merit: 1001
is the decentralised exchange released yet on the main network?
legendary
Activity: 1176
Merit: 1134
Here is what I might have missed- please clarify

you wrote: Not sure I understand your logic. You make it sound like NXT is losing something by supporting assets.

Ofcourse not


Other than speculative value, what intrinsic value does any crypto currently have?

if used as currency/asset of exchange in a REAL WORLD or web based economical setting

Assuming NXT gets used by a large number of asset issues (regardless of what it is), then the fact that it is using NXT gives value to NXT. All assets within NXT are denominated in NXT. It becomes the reserve currency

So here is what I might have missed: you are saying that any asset, above paying 1000nxt to be created will be denominated in NXT.-- meaning that any action within it will require NXT again. ok but how will this work if i issue a share for a DAC or a new currency on which i will conduct my transactions?
At worst, it would be neutral. There is always the minimal tx fee, but even without that I dont see it as harming NXT. More people use things that are built with NXT, eg. "NXT inside" will help NXT. If just a fraction of the people transacting in your DAC shares takes an interest to NXT, then that is new blood coming into NXT.

How exactly does this hurt NXT?
hero member
Activity: 644
Merit: 500
What are confirmations in NXT? I thought these are blocks since block with transaction. But it seems it's something else, as there are many transactions included in older blocks which have less confirmations than those in newer blocks. How does this work?

http://87.230.14.1/nxt/nxt.cgi?action=20&show=100


Problem with that site

compare it with http://mynxt.info/blockexplorer/index.php
mynxt.info nodes appear to be using 0.7.5
87.230.14.1 use 0.8.5.

Seems like a bug with 0.8.5... bter also has problems with confirmations

no, it's just 87.230.14.1

full member
Activity: 148
Merit: 100
What are confirmations in NXT? I thought these are blocks since block with transaction. But it seems it's something else, as there are many transactions included in older blocks which have less confirmations than those in newer blocks. How does this work?

http://87.230.14.1/nxt/nxt.cgi?action=20&show=100


Problem with that site

compare it with http://mynxt.info/blockexplorer/index.php
mynxt.info nodes appear to be using 0.7.5
87.230.14.1 uses 0.8.5.

Seems like a bug with 0.8.5... bter also has problems with confirmations
full member
Activity: 210
Merit: 100
Here is what I might have missed- please clarify

you wrote: Not sure I understand your logic. You make it sound like NXT is losing something by supporting assets.

Ofcourse not


Other than speculative value, what intrinsic value does any crypto currently have?

if used as currency/asset of exchange in a REAL WORLD or web based economical setting

Assuming NXT gets used by a large number of asset issues (regardless of what it is), then the fact that it is using NXT gives value to NXT. All assets within NXT are denominated in NXT. It becomes the reserve currency

So here is what I might have missed: you are saying that any asset, above paying 1000nxt to be created will be denominated in NXT.-- meaning that any action within it will require NXT again. ok but how will this work if i issue a share for a DAC or a new currency on which i will conduct my transactions?
legendary
Activity: 1176
Merit: 1134
James, thanks for the answer BUT:

building on my previous question:

you wrote: "clones wont get any of the assets and it seems pretty clear that the sum of the assets issued will be the dominant factor in valuation"

This was true if NXT was a share-- or a piece of LAND.

it is not really as the networkis free to use and the asset of exchange now turned into a passive share. if there is no REAL economical use for NXTcoin, either as currency or token with which one must oil his assets, create them, pay all the time for using them etc., or any other function that will ReQUIRE them to purchase NXT- than where is the DEMAND as an asset of exchange coming from? what is the meaning of "reserve currency in this context?


I am not an economist.

However, I saw a DIRECT correlation of XRP value to the amount of fiat and BTC that was in the ripple network.

I dont understand this "oil" requirement. How will people be using assets? With NXT GUI's. What would happen without NXT to all the assets? They would be gone.

What would happen to NXT if one of the assets disappeared? Not much.

Anyway, what do you suggest? We kill AE?

James
hero member
Activity: 644
Merit: 500
What are confirmations in NXT? I thought these are blocks since block with transaction. But it seems it's something else, as there are many transactions included in older blocks which have less confirmations than those in newer blocks. How does this work?

http://87.230.14.1/nxt/nxt.cgi?action=20&show=100


Problem with that site

compare it with http://mynxt.info/blockexplorer/index.php
legendary
Activity: 1176
Merit: 1134
Is it good or bad for Nxt?

P.S. I wish you would stop being so negative, it is kind of a downer

If only price at the moment helped....

[/quote]

If it was pointad at me:
I am critizing some views and ideas, I am not negative. These are two different things.
[/quote]
not you, at uniquorn
legendary
Activity: 1176
Merit: 1134
And it's not about being negative, I have asked for solutions, proposed solutions etc. for months now.
I put the first spotlight on development halting months ago. These are all issues that could've been solved, but hasn't been, so my "negativity" is founded in reality.
I must have missed your solutions. All I see from you nowadays are "the sky is falling" type of posts. How exactly would you have prevented some electiontime tactics from making the cointropolis guys leaving? How exactly would you have prevented Ciyam leaving? None of your "solutions" would have done anything about that.

So, you consider jean-luc cranking out releases non-stop as development halting
wesley's awesome web client as development halting
all of my projects as development halting
all of the other people's projects as development halting

Thank you very much for your "reality"

You say you have solutions that are so magically good. Post them. If it is really so good it will magically fix all that is wrong. In the meantime I will continue working on nodecoin, multigateway, NXTcash and NXTmixer.

That is my reality.

James
full member
Activity: 148
Merit: 100
What are confirmations in NXT? I thought these are blocks since block with transaction. But it seems it's something else, as there are many transactions included in older blocks which have less confirmations than those in newer blocks. How does this work?

http://87.230.14.1/nxt/nxt.cgi?action=20&show=100

legendary
Activity: 1205
Merit: 1000
We've already lost CIYAM and several other key people this week.
CIYAM only left this thread, he's going further on some other thread/forum. Who have we lost more this week?  Huh
full member
Activity: 210
Merit: 100
James, thanks for the answer BUT:

building on my previous question:

you wrote: "clones wont get any of the assets and it seems pretty clear that the sum of the assets issued will be the dominant factor in valuation"

This was true if NXT was a share-- or a piece of LAND.

it is not really as the networkis free to use and the asset of exchange now turned into a passive share. if there is no REAL economical use for NXTcoin, either as currency or token with which one must oil his assets, create them, pay all the time for using them etc., or any other function that will ReQUIRE them to purchase NXT- than where is the DEMAND as an asset of exchange coming from? what is the meaning of "reserve currency in this context?

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