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Topic: NXT :: descendant of Bitcoin - Updated Information - page 440. (Read 2761644 times)

legendary
Activity: 1778
Merit: 1043
#Free market
Can i get some Testnxt??Ty!

13641213266085296507

Sent 15 k TestNxt , enjoy it Wink .
sr. member
Activity: 397
Merit: 500
wesleys client:

Is there any way to display also the forging transactions like in NRS?
hero member
Activity: 616
Merit: 500
He has 2100 followers...

legendary
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
I just think people should stop obsessing over these stakeholders and what they are doing and get busy doing whatever you can do to contribute. Far too much sour grapes about this in my opinion. NXT are still only pennies each. If you buy some now and it goes up to $1 that's quite a profit. If it goes up to $5 then one day people will hassle you about why you're not giving away money so they too can get in on the gravy train they didn't buy a ticket for.  

Agreed - and I don't think anyone is actually going to "convince" the anonymous founders to ever "give up their hoards" as IMO their goal wasn't to "get rich" at all.
member
Activity: 112
Merit: 10
Here is a video interview between me and Stephanie Murphy about NXT.  Stephanie is the host of the popular bitcoin talk show, "Let's Talk Bitcoin" at the 2014 Texas Bitcoin Conference:

http://prisonorfreedom.com/what-is-nxt-by-tai-zen-stephanie-murphy-from-lets-talk-bitcoin-at-2014-texas-bitcoin-conference/

Enjoy!
Tai Zen

Cool interview.

1. Can you get the audio file she recorded to overlay it? Would be much better.
2. Don't focus on the copycat thing too much when you talk about the flaws we put in to the source code. Nerds like open source and free distribution. Focus on the auditing part.
3. Why did you mention only your site ("prisonorfreedom.comslashtexasbitcoinnextcoinwhatevernooneunderstands"), was your goal to get clicks for your site? Huh nxtcrypto.org and mynxt.org would have been nice. Now no one goes anywhere when they hear the video.

I directed everyone to go to my site to get some free nextcoins to activate and start there account here:

http://prisonorfreedom.com/2014-texas-bitcoin-conference/

This way I can track the efforts I put in at the conference and determine how many new users adopted NXT.

If they leave a comment with their account number at the bottom of the video, i will send them some nxt to activate their acct.

If i send traffic to nextcoin.org or nxtcrypto.org there is no way for me to set up tracking.

I work in sales/marketing and if you can't measure your marketing efforts then it's just a waste of time.

Tai Zen
member
Activity: 70
Merit: 10
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I'd just like to make a statement about the "initial distribution problem" if I may.

The initial stakeholders don't owe anyone here a goddamn thing. They took the huge risk by buying in early while everyone else called NXT a scam coin. They are under NO obligation to re-distribute the wealth to all those, including me, who missed out because of cynicism or ignorance or whatever. If NXT becomes a huge success, they and they alone deserve to be hugely rewarded for taking that risk. they have every right as free citizens of planet earth to do damn well whatever they please with their windfall.

That being said, if these stakeholders hope to see their investment mature to the point where they'll be able to perhaps buy a trip on Branson's Spaceship one day, they should invest in the future health of NXT in whatever way they see fit based on their own rational self interest.

There's no shortage of affordable NXT on the market. If you want some it's ripe for the picking on an exchange at mere pennies apiece. It's not too late to possibly book your own seat on a future Virgin voyage by simply not making the same mistake twice, taking a risk and buying some NXT. Then and only then will it will be your turn to decide how to invest your hard won investment in a way that you feel will make NXT grow even more.

I'm not a libertarian personally, but I really can't think of anything more free market than the way NXT has unfolded. I have no problem with the original folks being HUGELY rewarded because if they do then I'll be doing pretty good myself. It surprises me to see so many people in this community asking for socialism and redistribution of the wealth.

I am not saying that they should give out charity to all of us, I am saying that they should invest into product that they are also holding and holding by far the most comparing to all of us here. I mean this is a common sense. People that won't do that are by definition selfish, they don't want to part ways with one cent of their money and they don't want to contribute anything to the community by working here with us.
Sorry, but to me all of this makes no sense!
For example, Klee is definitely not one of those people!!

I just think people should stop obsessing over these stakeholders and what they are doing and get busy doing whatever you can do to contribute. Far too much sour grapes about this in my opinion. NXT are still only pennies each. If you buy some now and it goes up to $1 that's quite a profit. If it goes up to $5 then one day people will hassle you about why you're not giving away money so they too can get in on the gravy train they didn't buy a ticket for.  
legendary
Activity: 1176
Merit: 1134
I like James' way since the Nxt network would benefit from it, if I understand correctly. Parallel blockchains, on the other side, would lead to more technical possibilities. So, in deed, we should approach both ways.

But we should discuss when to use what and why and let CIYAM finish watching his movie.
No time for discussions today.

Now that I can reconcile asset balances, I feel some nodecoin code today. That was really the main holdup as it needs to monitor the issuer's asset balance in "realtime" to make sure the social contract on coin distribution isnt being violated. This social contract is essentially the same as bitcoins 21 million cap, as there is no reason why a new version cant come out (or bug not fixed) that violates the 21 million cap. Of course, any such violation would totally destroy the value of bitcoin (or any coin that violates), but not before Evil Bob cashes out whatever he can before the rest of the world realizes what happened.

Like with any coin, people using NXTcoins (that is what I call coins on top of NXT via AE) will have to trust the issuer of it to some extent. I cannot get rid of the one block delay from a violation of inventory management to detection. Originally, I planned to allow people to enable automatic cancellation of all AE bids upon detection of inventory anomalies. However, if there are large bids on the orderbook and the issuer sells into it, that cant be undone. I am now just planning on monitoring and displaying any violations.

What this means is that if there is a bid that is large enough that it is worth destroying the coin for, then unethical issuers could take advantage. However, as bad as that sounds, an active issue would have 5% of its market cap trading in a day, at any given time having bids than 0.5% of the total issue would be rare. For most coins it would be much smaller, so it would be in Evil Bob's interest to not destroy the coin as I will build in ways for coin issuers to get a royalty payment stream.

James
sr. member
Activity: 288
Merit: 250
Can i get some Testnxt??Ty!

13641213266085296507
full member
Activity: 178
Merit: 100
Come-from-Beyond, can you introduce some developer to the community? He/she will be warmly met and trusted. Or maybe you should just recommend somebody that you respect? We can gather some funds for them or vote for the unclaimed coins?


(come on, you should know somebody  Cry )

Klee,

didnt you pay generously for two DEVs? what are they doing now?
One dev, one IT - the dev is in talks with Amazon...

I hired another one (very good too) he currently looks at the AT with CIYAM but I will tell him about the need for core devs...

I am not willing to cover his compensation though for this (at least not more than a small percentage).
I pay him for the AT feature only, so the community/early adopters should find a way to cover his (and the other core devs) expenses.

My personal opinion is that 1/3 of unclaimed funds should go for audit/whitepaper, 1/3 for core devs and 1/3 for marketing.

Extra features like AT and NXTcash should be covered by early adopters (like me and neer who cover together AT and me covering alone NXTcash).

Of course I think it is time for ALL stakeholders >10M to form a committee and contribute proportionally an amount every month for the core dev team too!

Maybe you can introduce them to the community, so that we vote to pay them from the unconfirmed coins(or some Stakeholders decides they will make his stake much more valueable). The sooner, the better.
member
Activity: 70
Merit: 10

The initial stakeholders don't owe anyone here a goddamn thing. They took the huge risk by buying in early while everyone else called NXT a scam coin. They are under NO obligation to re-distribute the wealth to all those, including me, who missed out because of cynicism or ignorance or whatever. If NXT becomes a huge success, they and they alone deserve to be hugely rewarded for taking that risk. they have every right as free citizens of planet earth to do damn well whatever they please with their windfall.

I'm not sure if you just ran out of psych-meds or if you're sucking up to the big holders, but your statements are insane.
They took a "huge risk" ? 50 dollars for 15 million NXT or so is a "huge risk" ?
*Most* of those who "missed out" was people who didn't see the thread or came too late because BCNext shutdown the IPO hastily.
I have used the arguments you are regurgitating too many times in the last 3 months of marketing and arguing with skeptics, so I know them in and out.
This isn't about big stakeholders handing out NXT to random people, but to FUND marketing, FUND development, FUND incentives for people to give a fuck of NXT's health.

And it's also about fairness. Right now most of the stakeholders are just like the CEOs of Walmart. They take all the money and let people do all the work.

How you can justify the idea that because they invested 50 dollars they have this deep deserving right to be millionaires while those who make NXT worth milliones should get none is baffling.

It sounds like you've seen a 5 minute clip of Milton Friedman and think that this trickledown economy is a law of physics. Insane.

FUNDING is another word for redistribution. For the record I'm pretty liberal, voted for Obama twice and have never read a Friedman tome.
As I said, if one of these shareholders think that funding is a good way to make NXT grow, then they should do that. If they prefer to sit and wait and let everyone else do the work and hope the price rises then that is their right as well. They don't owe you, me or anyone anything.

Some people mined Bitcoin in 2011 and now are Millionaires. Am I totally jelly? Hell yes. I almost mined Bitcoin back then and got frustrated with setting it up and thought it would never take off. I could kick myself, but do I expect the people who didn't give up and mined millions of BTC for pennies apiece to now redistribute that to making BTC better. Hell no. People win lotteries.

Quote
They took a "huge risk" ? 50 dollars for 15 million NXT or so is a "huge risk" ?

Ok, they got lucky then. Who cares? I'm jealous and so obviously are you. If I was them I'd probably spend some time promoting NXT in my own way, behind the scenes without making a big scene about it. I'd be hoping the price goes up and thinking, "could I actually have finally hit the big gravy train"? I wouldn't feel I owed anyone anything though and probably neither would you.

Quote
How you can justify the idea that because they invested 50 dollars they have this deep deserving right to be millionaires while those who make NXT worth millions should get none is baffling.


Because that's life.  People get lucky. I wish I was one of them and so do you.

Personally I am very glad you didn't get elected to the committee. You strike me as someone who is bitter and expect to get directly compensated BEFORE NXT succeeds for working on the same sorts NXT projects that others are happily volunteering their time to do; you stated as much in your platform which is why I didn't vote for you. You remind me of those Uncles who suddenly appear out of nowhere when a distant relative wins the lottery, expecting to be compensated for sharing a bloodline.

If you had special skills that were desperately needed, believe me you would have been contacted by someone and offered a Salary to work full time. If no one is asking for your help then you can either volunteer or do something that is exceptional and impressive like wesleyh or metctl (math guy, not sure if getting name right) and either many people would donate to you or you'd be offered a salary to work on something.
If that hasn't happened then guess what? You just aren't special enough. Neither am I and that's ok. I can buy NXT like anyone else and do what I can to help, help new users learn how to use it, fund new accounts, tip reddit users, help people troubleshoot problems and spread the word. Should I get paid for this? Hell no. It's just not that special. I'm doing it for my own self interest anyway.

If you want to get compensated, solve the TF problem, write a new client, make a kick ass website , do something unique and special.
Do something like that and people will stand in line to hand you some NXT.

NXT needs volunteers, NXT needs enthusiastic people who are excited to help spread the word. NXT does not need people who see dollar signs in their eyes, expecting everyone to throw NXT at them because they sent an email to an exchange or wrote an article or updated a wiki. The payoffs for those sorts of things come when the price goes up and your investment grows. You may not be an initial stakeholder, but you can still contribute in important ways. Your motivations are exactly the same as the initial stakeholders, to help make NXT succeed. No ones asking for you to take money out of your own pocket though, like you are with them.
hero member
Activity: 910
Merit: 1000
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Get the White Paper and Audit done.
Any new on the ongoing audit? Somebody said something about the end of this week.

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Make a simple payment module for the Web. Get merchants on board, sell/buy stuff with NXT as a first gen currency.
Any news on that? Somebody put money into this, i remember.
legendary
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
But we should discuss when to use what and why and let CIYAM finish watching his movie.

Thanks - watched the Fifth Estate - quite a good movie (although I guess Assange wouldn't like it that much).
legendary
Activity: 1778
Merit: 1043
#Free market
sr. member
Activity: 490
Merit: 250
I don't really come from outer space.
Using parallel chains for a coin is something I fully support and it would be great to have. However, each new blockchain will be a new blockchain. With it comes the requirement of securing, propagating and storing it.

Interestingly, you can use the security of the Nxt blockchain to secure an alt chain.

On the alt chain, every N blocks consider a group.  Take a "snap-shot" of the block group by doing a SHA256 on a concatenation of all members.  This SHA256 result is then placed in the main Nxt chain via AM.  Consider the number of confirmations of the SHA256 snap-shot on the Nxt chain as your number of confirmations on the alt-chain for that block group.

hero member
Activity: 910
Merit: 1000
I like James' way since the Nxt network would benefit from it, if I understand correctly. Parallel blockchains, on the other side, would lead to more technical possibilities. So, in deed, we should approach both ways.

But we should discuss when to use what and why and let CIYAM finish watching his movie.
legendary
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
Neither obsoletes the other, if anything they complement each other. I look forward to being able to create a parallel blockchain to enhance my fantastical ideas Smiley

Nice to see that James and myself are in agreement (now waiting for CfB to comment).

Smiley
legendary
Activity: 1176
Merit: 1134
Perhaps that is the "nodecoin" that was mentioned before - am not really sure whether it will be relevant once we have parallel chains.
Ok, so you don't know how he implements these coins on top of Nxt. Well, JAMES. Wake up, tell us about it.
Getting all AE balance changes reconciled was a lot harder than I had hoped. Finally seems to match up, so either there are no bugs exposed by historical activity, or both jean-luc and I made the same errors in calculating the balances.

My approach to coins on top of NXT is to enforce restrictions on specific NXTcoins assets within AE. Once I am done, a new "coin" that uses built in options can literally be created in a few minutes. Getting it distributed might take longer. Also, the additional overhead for a new NXTcoins would be the storing of the differentiating parameters in a few AM's

With the right set of software overlays the NXT asset will look like a coin and act like a coin, so for most people it will be good enough. It will rely on the NXT network and AE to exist and a side benefit is that AE provides an instant method of trading. No need for any gateways, as a NXTcoins lives totally inside NXT.

There could be millions of NXTcoins all on top of NXT as it is right now, without any waiting for NXT core changes other than release of AE.

Using parallel chains for a coin is something I fully support and it would be great to have. However, each new blockchain will be a new blockchain. With it comes the requirement of securing, propagating and storing it. It certainly makes sense for a coin with a lot of activity, but could a local school justify the resources of creating a parallel blockchain to raise funds for their field trip to the grand canyon?

I think the way to think about the two methods is that for global coins that will have global activity, a parallel block chain would make more sense. For local coins that have local activity, or a small vertical market, NXTcoins on top of AE makes sense. Neither obsoletes the other, if anything they complement each other. I look forward to being able to create a parallel blockchain to enhance my fantastical ideas Smiley

James

hero member
Activity: 910
Merit: 1000
there actually isnt any learning curve.. i asked my gf to create an asset, buy a different asset resell the baught one send a message and send nxt to another user... she got it all in seconds and she has never used a crypto wallet/clien before.. ever.. well done guys!

+10
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