Topic: NXT :: descendant of Bitcoin - Updated Information - page 462. (Read 2761645 times)

The system that provides the fastest transactions securely will surpass Bitcoin as the number once currency. TF and high TPS is the #1 reason for the recent surge in interest in NXT in my opinion. In fact many people think it's already implemented and are out there talking around 'the water cooler' about this. The other factor will be easy FIAT conversion, which means being somewhat friendly to the banking system. Ease of use for regular people is also very very important. Ripple is beating NXT already in all of these areas. So to beat ripple and the others NXT needs to win on these fronts AND be more decentralized and free-standing.

The real question is if the goal is for NXT to be the currency that takes Bitcoin's place, or if it's happy as a 2nd or 3rd tier system that co-exists with other Alt currencies and becomes known as merely a decentralized platform to trade your fake money for different fake money that no one wants or needs or can use except for speculation. Once the current coin boom ends there will probably be a few cryptos that survive and interest in exchanges will die down. People may exchange real world assets with the AE but it's really hard to get people to change old habits. And unless AE gets accepted by the banking system AND the government, centralized exchanges will still be needed for FIAT conversion. The one way around that problem is to be so awesome as a form of currency that easy conversion to FIAT is not needed. That means popular usage amongst buyers, suppliers and consumers. Then everyone can HODL their NXT and not worry about converting. Volatility/Stability is also an issue here, where BTC is obviously lacking.

There's a VERY limited amount of people who dream about issuing their own currency or starting an IPO or even investing in one, but EVERYBODY needs to spend money and EVERYBODY would consider using an alternative that works easier and better than credit and debit cards and also protects against identity theft. EVERYONE also needs a way to perform fast, secure MICRO-TRANSACTIONS on the internet. Being able to quickly send .25 can potentially solve music and movie piracy, revive the online newspapers and allow people to monetize internet content.

Once these important fronts are won, then people might start looking more closely at the other features, such as AE, Aliasing, etc. But if no one is using NXT for the everyday stuff, no one may discover them or they will discover them on another platform like Ripple, Ethereum, EMunie etc. It's a very darwinian thing going on right now. The fittest will survive.

My two cents, or should I say .5 NXT

Aren't we still going full open source on April 4 with the 0.8 version of the code, which has the database software?  What is open source today is the not fully functional 0.7 version, right?  So the point is still valid.  

Unfortunate we printed a few days before getting listed on Cryptsy, but anybody motivated to check will find us on Cryptsy now and this lends the brochure credibility.  The key is what Big Vern said, which is right there.

All 5000 of these will get distributed somewhere, and who knows which one will be the one that falls in a key hand to make a key connection for NXT?  I have been thinking that we should start mailing batches of 100 of these brochure out to the various Bitcoin meetups:

http://bitcoin.meetup.com/

I will be making a proposal to the marketing committee for postage to do this...

I don't know about this strategy Pin. I tried something similar a few years ago (ink pins with my business info printed on them). Didn't work out to well, could have spent the money more effectively. No one really cared about the branding on the pens, they just got free pins at my expense.

Very valid point.

so we get our security from the chain that everyone can access (since security is a function of the distribution of the stake) and our performance from a more specialized chain that wouldn't be very secure on its own but doesn't need to be since the security comes from the accessible chain. wow thats smart.

As a musician and instrument maker myself +1 or +1440

And agreed... Music is pretty universal. It would be a huge attracting factor.

Hell Yeah. Thanks Pin.

3rd & 4th video from the 2014 Texas Bitcoin Conference:

What Is Proof Of Stake In Nextcoin (NXT) vs. Proof Of Work In Bitcoin (BTC) - By Tai Zen
http://prisonorfreedom.com/what-is-proof-of-stake-in-nextcoin-nxt-vs-proof-of-work-in-bitcoin-btc-2014-texas-bitcoin-conference/

What Is Transparent Forging In NXT (Nextcoin)? - By Tai Zen (Texas Bitcoin Conference)
http://prisonorfreedom.com/what-is-transparent-forging-in-nxt-nextcoin-2014-texas-bitcoin-conference/

Enjoy!
Tai Zen

That's very judgy of you. Strippers are not the devil, they just dance for money naked. Why are you afraid of the naked female form? And she was a former stripper. Are you saying anyone who ever did anything outside of the box in their life should not be allowed to donate their time to a charity?

I want 1 Million DOGE for bringing up the idea.

I think we can this time.

We can use the SCIP mechanism to let slavechains prove they have proceeded 1440 legitimate blocks.

The only thing that needs to be registered on the masterchain is the counting algorithm for that very slavechain. From that, a verifier key can be obtained.

Like different speed roads, from superhighways down to dirt roads
very nice
I cant imagine bitcoin guys even thinking about doing stuff like this

Hopefully the new commitees will help to get us focused a little more. I feel this will be a step in the right direction. I have not been around here very long, but I can see the energy and enthusiasm that is surrounding NXT.  The principals of labor show that the only way to improve on output is through improved technologies that better facilitate the economics of labor and through the improved organizing and structuring of labor. These are the ONLY two ways. I am not trying to say that what anyone has done or is doing is not good; I am saying it could be and needs to be better.

I just had a bit of an overwhelming meeting with the outside investor.

He is the creator and owner of this/these projects:


https://www.trackprotect.com/
http://www.sustainsound.org/
http://www.rhosmovement.com/

Basically, he wants to use Nxt as a vehicle for his business and to power his system of distributing music.

I just spent two hours talking with him and he is immensely energetic and serious about this.

He sees the potential úse of Nxt and digital property and talks will continue.

From both a marketing perspective as a purely investment perspective, this could be a significant step forward for Nxt!

Music is the #1 attracting factor for users anywhere and we would be tapping into a worldwide userbase with these guys.

Even better is that his development cycle is almost finished already (I saw his already working product) and he is looking for a good "fit".

He is OK with me sharing this, because he wants to be open about his project. Have a look and see what it is all about.

We need high TPS and also support lightweight nodes

https://github.com/jl777/multigateway

Interesting idea.

Can we handle 25,000 transactions in 1 hour? 10 minutes?

Nice use of theory and reasoning to inspirational ends to provide a backdrop to highlight NXT. It is a daunting task to summarize NXT in such a short time limit; this video does a pretty good job of it. I would suggest putting the bit of the video at the end that serves as the summary at the beginning also, to provide an intro, or provide some sort of intro (tell people what you are going to tell them, tell them, then tell them what you told them). Overall very inspiring, got my attention and made me want to know more. Nice work.

openssl rand -base64 44

maybe we can put instructions on how to install openssl?