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Topic: NXT :: descendant of Bitcoin - Updated Information - page 389. (Read 2761642 times)

legendary
Activity: 1162
Merit: 1005
I don't think I can buy bottle of wine for my girlfriend with your asset "boobs"  Grin

But you get boobs with a bottle of wine!

This is the short term happiness Smiley Later on I will have to sell boobs at any price, if I plan to have long term happiness Smiley
hero member
Activity: 910
Merit: 1000
Problem is, the Nxt chain with TF doesn't need more average nodes, it needs a few powerful nodes. Am I wrong?
sr. member
Activity: 316
Merit: 250
Simcoin Puny Humans Communicator
I think since nodecoins are rewards for running nodes for nxt maybe we should come up with a way to reward nodecoins. Like some math guy come up with a proper reward
threshold in nxt for a certain amount of nodecoins. We can setup an automatic payout in nxt for nodecoins and fund it by donations or whatever. That way people will always
run nodes because they get free nodecoins which even if a little will be converted to nxt via a gateway or whatever as guaranteed reward in Nxt which will be very valuable soon.
sr. member
Activity: 897
Merit: 284
Think of it this way: Buy running a node and supporting the Nxt network, you get social credits in the Nxt community because you are part of the support for Nxt. Hence node coins are only valuable within the Nxt community. When Nxt is rising in value (Nxt community getting bigger), your node coins are worth more because you support a bigger Nxt community which uses the Nxt network.

Obviously, the Nxt community sees value in many people supporting the network. Therefore node coin has a value.

Now use node coin as a tipping coin and Nxt is the king.

OK. But who will by nodecoin for NXT/BTC/other and why? Where to spend nodecoin in real world?

EDIT: Nothing against the idea of nodecoin, but don't understand the whole vision of it. What is the difference between asset "nodecoin" and asset "boobs"?

Boobs hasnt shown us yet what it can do, besides look good.

I have faith that my asset has place a place in the heart of every man  Wink

Yeah, it's fun. Buy if I buy your asset "boobs", I don't think I can buy bottle of wine for my girlfriend with your asset "boobs"  Grin

I can issue you a new girlfriend Tongue
sr. member
Activity: 336
Merit: 250
AKA jefdiesel
THing about nodecoin, is it is a process, that just happens to be trackable, and then the proof of process, or proof of work if you like, has a value.

We already RUN nodes. But we need to impress others to do it. The coin has no value to anyone UNLESS you need nodes.
We all need nodes, and when businesses, like  Damelon's outside project comes online, they will need MORE of nodes, and they will PAY you to run them

Price will go up, and more nodes will come online.

Back to my cell tower argument. Imagine if the teclo ran fine, but when it got busy they could PAY you to help. Turn on your wifi and you help. and get paid.

sr. member
Activity: 316
Merit: 250
Simcoin Puny Humans Communicator
Think of it this way: Buy running a node and supporting the Nxt network, you get social credits in the Nxt community because you are part of the support for Nxt. Hence node coins are only valuable within the Nxt community. When Nxt is rising in value (Nxt community getting bigger), your node coins are worth more because you support a bigger Nxt community which uses the Nxt network.

Obviously, the Nxt community sees value in many people supporting the network. Therefore node coin has a value.

Now use node coin as a tipping coin and Nxt is the king.

Okay interesting but I thought we were trying to get miners to mine nodecoins for nxt's network benefit. If nodecoins are so easy to mine then who will the nodecoin
hoarders eventually sell to? If nobody, then why mine them? Who here would pay even 1 nxt or btc to buy nodecoins when I can just forge and get some more for free?
So to continue the circle why buy any if I can mine them easily with my palm pilot?

People buy altcoins because they don't have enough mining power to mine them. Nodecoins are heck easy to get. So if nobody ever buys them then they have no value to the
people you are bribing to forge for nxt's sake.
hero member
Activity: 910
Merit: 1000
I don't think I can buy bottle of wine for my girlfriend with your asset "boobs"  Grin

But you get boobs with a bottle of wine!
hero member
Activity: 910
Merit: 1000
"Credits" maybe? Or is credit so boring and sucked dry? Or is it immediately understandable and thus maybe successful?

It's not about other exchanges like cryptsy, it's about giving this interesting idea a good name to understand it better. It's not like Nxt has enough good marketing right now Wink
legendary
Activity: 1162
Merit: 1005
Think of it this way: Buy running a node and supporting the Nxt network, you get social credits in the Nxt community because you are part of the support for Nxt. Hence node coins are only valuable within the Nxt community. When Nxt is rising in value (Nxt community getting bigger), your node coins are worth more because you support a bigger Nxt community which uses the Nxt network.

Obviously, the Nxt community sees value in many people supporting the network. Therefore node coin has a value.

Now use node coin as a tipping coin and Nxt is the king.

OK. But who will by nodecoin for NXT/BTC/other and why? Where to spend nodecoin in real world?

EDIT: Nothing against the idea of nodecoin, but don't understand the whole vision of it. What is the difference between asset "nodecoin" and asset "boobs"?

Boobs hasnt shown us yet what it can do, besides look good.

I have faith that my asset has place a place in the heart of every man  Wink

Yeah, it's fun. Buy if I buy your asset "boobs", I don't think I can buy bottle of wine for my girlfriend with your asset "boobs"  Grin
sr. member
Activity: 336
Merit: 250
AKA jefdiesel


We should talk about the name, yes.

I really dont think it will be on the exchanges. It exists as an ASSET> We need to drive people TOWARDS NXT not towards Cryptsy.

the AE will be the exchange. People will trade BTC/NXT in the AE and then can buy and sell Nodecoin.

James created Nodecoin and named it. You can talk to him all you like, but it will always be about Nodes, it does not need marketing.

You guys are reverting to Mining thinking. This is network support, with a payout.
sr. member
Activity: 952
Merit: 253
Think of it this way: Buy running a node and supporting the Nxt network, you get social credits in the Nxt community because you are part of the support for Nxt. Hence node coins are only valuable within the Nxt community. When Nxt is rising in value (Nxt community getting bigger), your node coins are worth more because you support a bigger Nxt community which uses the Nxt network.

Obviously, the Nxt community sees value in many people supporting the network. Therefore node coin has a value.

Now use node coin as a tipping coin and Nxt is the king.

OK. But who will by nodecoin for NXT/BTC/other and why? Where to spend nodecoin in real world?

that goes for every single other alt coin.. yet they have value..

nodecoin is an interesting experiment - a coin awarded based on the useful work an NRS node does... if this is useful in establishing stable nodes then we can look at how to give these value if this is good way of subsidising/encouraging the creation of the network.
legendary
Activity: 1162
Merit: 1005
Think of it this way: By running a node and supporting the Nxt network, you get social credits in the Nxt community because you are part of the support for Nxt. Hence node coins are only valuable within the Nxt community. When Nxt is rising in value (Nxt community getting bigger), your node coins are worth more because you support a bigger Nxt community which uses the Nxt network.

Obviously, the Nxt community sees value in many people supporting the network. Therefore node coin has a value.

Now use node coin as a tipping coin and Nxt is the king.

OK. But who will by nodecoin for NXT/BTC/other and why? Where to spend nodecoin in real world?

nodecoin is an ASSET on the AE. Its current price is .01NXT

Get 100 nodecoins and sell for 1NXT. It is a free market, it can go either way and will go up when businesses NEED more servers, they will pay more.

I have 340k NXT forging, and in the past 3 months I have earned like 140NXT, including one block that paid 100. yet with nodecoin I've earned 52nodecoin in 2 hours.
Thats 26/hr.
Thats 6.5NXT a DAY at the current rate.
90 days would have been 585 NXT.
FOR NOTHING but PoW

From my CPU running 1%. I will set up my uDroid for this tonight if time permits.




Who will buy them and for what reason?
hero member
Activity: 910
Merit: 1000
Think of it this way: Buy running a node and supporting the Nxt network, you get social credits in the Nxt community because you are part of the support for Nxt. Hence node coins are only valuable within the Nxt community. When Nxt is rising in value (Nxt community getting bigger), your node coins are worth more because you support a bigger Nxt community which uses the Nxt network.

Obviously, the Nxt community sees value in many people supporting the network. Therefore node coin has a value.

Now use node coin as a tipping coin and Nxt is the king.

OK. But who will by nodecoin for NXT/BTC/other and why? Where to spend nodecoin in real world?

1. We have to give it a cool name
2. Brand it
3. Build website to inform people
4. Countdown
5. Launch
6. Make it available at exchanges etc.
7. Point 1, 2 and 3 should give people a reason to buy. SO they are buying.

There are so much shitcoins released nowadays. THIS coin we are receiving by running a node has a REAL value IMHO.

We should talk about the name, yes.
sr. member
Activity: 897
Merit: 284
Think of it this way: Buy running a node and supporting the Nxt network, you get social credits in the Nxt community because you are part of the support for Nxt. Hence node coins are only valuable within the Nxt community. When Nxt is rising in value (Nxt community getting bigger), your node coins are worth more because you support a bigger Nxt community which uses the Nxt network.

Obviously, the Nxt community sees value in many people supporting the network. Therefore node coin has a value.

Now use node coin as a tipping coin and Nxt is the king.

OK. But who will by nodecoin for NXT/BTC/other and why? Where to spend nodecoin in real world?

EDIT: Nothing against the idea of nodecoin, but don't understand the whole vision of it. What is the difference between asset "nodecoin" and asset "boobs"?

Boobs hasnt shown us yet what it can do, besides look good.

I have faith that my asset has place a place in the heart of every man  Wink
legendary
Activity: 1162
Merit: 1005
Think of it this way: Buy running a node and supporting the Nxt network, you get social credits in the Nxt community because you are part of the support for Nxt. Hence node coins are only valuable within the Nxt community. When Nxt is rising in value (Nxt community getting bigger), your node coins are worth more because you support a bigger Nxt community which uses the Nxt network.

Obviously, the Nxt community sees value in many people supporting the network. Therefore node coin has a value.

Now use node coin as a tipping coin and Nxt is the king.

OK. But who will by nodecoin for NXT/BTC/other and why? Where to spend nodecoin in real world?

that goes for every single other alt coin.. yet they have value..

Partly I agree, but all these altcoins are only for speculation. IMO. It is good for short term, not good for long term. So I wrote, ahet I don't see long term vision of nodecoin or I've missed something.
hero member
Activity: 644
Merit: 500
By the way, wallet file can be deterministic like Electrum. The user can have dozens of different accounts, but they will  have to back up wallet file just once.

It could work like this: Secret seed (generated first time) and saved in wallet dat.

Account1 = Hash (Secret seed)

The user creates a new account (say two months later)

Account2 = Hash (Account1_ID + Secret seed)

Account3 = Hash (Account2_ID + Secret seed)

etc

As long they have secret seed (saved in wallet file) they would be able to recover all the accounts they ever created with the client.

sr. member
Activity: 336
Merit: 250
AKA jefdiesel
Think of it this way: Buy running a node and supporting the Nxt network, you get social credits in the Nxt community because you are part of the support for Nxt. Hence node coins are only valuable within the Nxt community. When Nxt is rising in value (Nxt community getting bigger), your node coins are worth more because you support a bigger Nxt community which uses the Nxt network.

Obviously, the Nxt community sees value in many people supporting the network. Therefore node coin has a value.

Now use node coin as a tipping coin and Nxt is the king.

OK. But who will by nodecoin for NXT/BTC/other and why? Where to spend nodecoin in real world?

EDIT: Nothing against the idea of nodecoin, but don't understand the whole vision of it. What is the difference between asset "nodecoin" and asset "boobs"?

Boobs hasnt shown us yet what it can do, besides look good.
hero member
Activity: 616
Merit: 500
Think of it this way: Buy running a node and supporting the Nxt network, you get social credits in the Nxt community because you are part of the support for Nxt. Hence node coins are only valuable within the Nxt community. When Nxt is rising in value (Nxt community getting bigger), your node coins are worth more because you support a bigger Nxt community which uses the Nxt network.

Obviously, the Nxt community sees value in many people supporting the network. Therefore node coin has a value.

Now use node coin as a tipping coin and Nxt is the king.

OK. But who will by nodecoin for NXT/BTC/other and why? Where to spend nodecoin in real world?

1. We have to give it a cool name
2. Brand it
3. Build website to inform people
4. Countdown
5. Launch
6. Make it available at exchanges etc.
7. Point 1, 2 and 3 should give people a reason to buy. SO they are buying.

There are so much shitcoins released nowadays. THIS coin we are receiving by running a node has a REAL value IMHO.
sr. member
Activity: 336
Merit: 250
AKA jefdiesel
Think of it this way: By running a node and supporting the Nxt network, you get social credits in the Nxt community because you are part of the support for Nxt. Hence node coins are only valuable within the Nxt community. When Nxt is rising in value (Nxt community getting bigger), your node coins are worth more because you support a bigger Nxt community which uses the Nxt network.

Obviously, the Nxt community sees value in many people supporting the network. Therefore node coin has a value.

Now use node coin as a tipping coin and Nxt is the king.

OK. But who will by nodecoin for NXT/BTC/other and why? Where to spend nodecoin in real world?

nodecoin is an ASSET on the AE. Its current price is .01NXT

Get 100 nodecoins and sell for 1NXT. It is a free market, it can go either way and will go up when businesses NEED more servers, they will pay more.

I have 340k NXT forging, and in the past 3 months I have earned like 140NXT, including one block that paid 100. yet with nodecoin I've earned 52nodecoin in 2 hours.
Thats 26/hr.
Thats 6.5NXT a DAY at the current rate.
90 days would have been 585 NXT.
FOR NOTHING but PoW

From my CPU running 1%. I will set up my uDroid for this tonight if time permits.


legendary
Activity: 1162
Merit: 1005
Think of it this way: Buy running a node and supporting the Nxt network, you get social credits in the Nxt community because you are part of the support for Nxt. Hence node coins are only valuable within the Nxt community. When Nxt is rising in value (Nxt community getting bigger), your node coins are worth more because you support a bigger Nxt community which uses the Nxt network.

Obviously, the Nxt community sees value in many people supporting the network. Therefore node coin has a value.

Now use node coin as a tipping coin and Nxt is the king.

OK. But who will by nodecoin for NXT/BTC/other and why? Where to spend nodecoin in real world?

EDIT: Nothing against the idea of nodecoin, but don't understand the whole vision of it. What is the difference between asset "nodecoin" and asset "boobs"?
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