The low price is signalling the lack of confidence to many, so it's not exactly healthy either.
Low price isn't necessarily a bad indicator. Distribution is more important at those early stages.
Topic: NXT :: descendant of Bitcoin - Updated Information - page 480. (Read 2761645 times)
Low price isn't necessarily a bad indicator. Distribution is more important at those early stages.
Nxt :: Asset Exchange Test
Please send me some test cases so I can upload them to the test management platform.
Please send me some test cases so I can upload them to the test management platform.
We don't necessarily need to duplicate the SR model, we just have to find something that is equally useful. I would try a simpler design, where the buyer contacts the seller directly using encrypted messages. Information about reputable sellers is already discussed on the forums, so there is no need to publically announce who sells what.
1. Buyer sends message to query available products. Seller responds.
2. Buyer sends coins, name of product and physical address
3. Seller responds with order rejected or accepted.
I agree that having secure ways of mixing coins is not necessary, because there are already mixers for Bitcoin.
The question of having a reputation system and escrow is more tricky. I'm not sure that having a traditional feedback and escrow system is the best solution. Discussions on the forums already work as a kind of a reputation system.
Having a user-friedly client for this would be important.
EDIT: The seller-side software would run continuously on the seller's computer, keep track of the inventory and automatically respond to the buyers' queries.
If we have escrow AT (which has been discussed and is very possible) and a reputation system based on Tx id, with buyer/seller verified, (which will be added soon to clients) it will be close to possible. I suggest decentralized marketplaces that are distributed with torrent like files downloaded to clients and then viewable via GUI.
Good morning Nxt community. There are calls for cohesive marketing for Nxt and questions of how a decentralized network works and/or organizes itself. I am representing Nxt at the Coinsumm.it Decentralized Applications panel discussion with Vitalik Buterin and David Johnston which will be moderated by Adam Levine of Let's Talk Bitcoin. I am one of the public faces of Nxt and I need help developing a web site to promote the numerous advantages of utilizing the Nxt blockchain. I am a better writer and speaker than I am coder and/or graphic designer.
I need people who can help me roll out a dynamic PHP and MySQL site hosted on Openshift. I have a domain already registered and forwarded. I have the site set up on Openshift running on Wordpress, ready for developer access through SSH git commands (clone, merge, pull, add, push) with sample content up and an example of what (I think) should look like. I will only start a separate thread for this project when it is ready for live marketing release.
I am not caught up on this thread totally yet, but needed to fire this help request out sooner than later.
James JL777 Thank you for your hard work. Nxt community please do absolutely everything you can to assist James in rolling out the Nxt AE. The timing is critical on the release of this feature. It is encouraging to hear all the reports of the robust AE operation.
PM me please if you can help.
I need people who can help me roll out a dynamic PHP and MySQL site hosted on Openshift. I have a domain already registered and forwarded. I have the site set up on Openshift running on Wordpress, ready for developer access through SSH git commands (clone, merge, pull, add, push) with sample content up and an example of what (I think) should look like. I will only start a separate thread for this project when it is ready for live marketing release.
I am not caught up on this thread totally yet, but needed to fire this help request out sooner than later.
James JL777 Thank you for your hard work. Nxt community please do absolutely everything you can to assist James in rolling out the Nxt AE. The timing is critical on the release of this feature. It is encouraging to hear all the reports of the robust AE operation.
PM me please if you can help.
I'm glad to have you with us.
Let me know if you need anything the community can help you with.
NXT is a top volume DAC currency: http://dacindex.com/
** Ridiculous **
All I've done is volunteer time over the last few months trying to assist Nxt. I've had quite a bit of experience in other communities and wanted to help move Nxt forward, nothing more. During this committee election, I received a PM from someone in the community letting me know about some of the dirty tactics being used:
"Two members from CoinTropolis are ahead of me, what does that say about NXT? Are we going to let another Charity site hijack our marketing plans? Seems like a fix, and with two of them we'd be stacking NXT for giving coins to one specialized charity. "
All I've done is volunteer time over the last few months trying to assist Nxt. I've had quite a bit of experience in other communities and wanted to help move Nxt forward, nothing more. During this committee election, I received a PM from someone in the community letting me know about some of the dirty tactics being used:
"Two members from CoinTropolis are ahead of me, what does that say about NXT? Are we going to let another Charity site hijack our marketing plans? Seems like a fix, and with two of them we'd be stacking NXT for giving coins to one specialized charity. "
Relax.
Nobody can make everybody happy. There will be friction all the time. Do not be discouraged by such statements. As long as you do it for the community, such statements do not matter.
Chill, some people when they really want something step to far... if it was posted on here and every started bitching and agreeing then ok... but don't ditch this community because someone is trying too hard in the wrong way...
This ballot aint fixed,,,,, we have our electoral officer to thank for that.
I had a very interesting chat with one of my economist friends. He asked me a question, which I would like to forward to you, as I am very keen to hear what you think about it.
What gives value to Bitcoin? Why would someone buy 1 digital currency for $1000?
He looks at Bitcoin as a type of Ponzi scheme: all people joining Bitcoin after you, make you money.
What gives value to Bitcoin? Why would someone buy 1 digital currency for $1000?
He looks at Bitcoin as a type of Ponzi scheme: all people joining Bitcoin after you, make you money.
Your friend must be a true "economist"... What gives value to anything (fiat, gold, stocks, your time)? The fact that someone else is willing to give you something for it.
If all the people joining bitcoin after me are only willing to pay less than I did, they will never make me a dime.
I love "economists" that don't understand the basic principle of market and exchange of value. They're simply brainwashed by government and their "precious" fiat.
But gold is used for manufacturing, so the price of gold NOT only dependent of speculation as the price of Bitcoin is. What can Bitcoin be used except of sending money back and forth?
What gives Fed. Reserve notes value? There is a demand for them. This is a legislated demand in the sense that they are what the government accepts for payment of debt; despite the fact that they are just pieces of paper that have no sustainable market value and their value can be manipulated by forces outside the market, and therefore the use of Fed. Reserve notes is not beneficial to the users of the market.
What gives Bitcoin (and other cryptos) value? There is a demand for them; Due to the fact that there is a need for a stable decentralized currency whose value is not subject to tampering from forces outside of the market. In short, Bitcoin and other cryptos have value because people want a free market economy, and there is a demand for a currency to facilitate trade in that free market that cannot possibly be filled by traditional fiat currencies; and the value of Bitcoin is based in peoples confidence in it, as a currency for that free market, to fill that need that fiats can't fill.
Where did your friend get his economics training?
The value of Bitcoin is everything but not stable. And it is still depending on fiat as the value of bitcoin is represented in fiat. You can buy an iphone for 1 bitcoin today, as the price of btc is 600 usd. If the price goes to 1200, you pay 0,5 btc. So bitcoin is just another currency depending on usd and eur.
It is stable in respect of market value. I do agree that Bitcoin has been subject to large swings in value; but that value is dictated by the market and not manipulations from outside influences. (interest rate fixing, Total currency in circulation). There is no one or no group like the Federal Reserve that can artificially fix the value of Bitcoin by means of controlling the issuance of currency or by fixing interest rates that affect aspects of the market. Bitcoin has had issues with its value being unstable; but every case has had to do with issues of trust in Bitcoin itself (ie Chinas temporary restrictions on exchanges or Mt. Gox security issues), and these are market based reasons for its value changes; and reflect on issues and problems with Bitcoin that have an effect on peoples confidence in it as a currency. These issues that have had an effect on the value of Bitcoin I view as "growing pains" for the crypto market. With the growing acceptance (Cryptos have been accepted by several bodies of government as legal tender which helps to set precedence and establish public trust in them for the future), and more wide spread public knowledge and education about cryptos, and with the continued evolution of cryptos to address the short comings of Bitcoin, I think it is most probable that cryptos in general will become less prone to these confidence and trust issues; and less prone to such big swings in value.
As far as its relationship to fiat, there is no link between fiat value and crypto value, as is indicated by the difference in exchange rates of fiat to cryptos over a length of time. If Bitcoin has a gain in purchasing power compared to Euros or USDs the purchasing power of fiats is not affected and the same is true in reverse. Any changes in the purchase power of fiats is independent of the changes in purchase power of cryptos and there value is not dependent on one and other.
Sounds mysterious, I see you have been speaking with CfB too much.
So true. LOL.
I think they know if they don't stop selling some time soon to let NXT breathe, they kill NXT, simple as that.
No it's not simple. If the initial investors stop selling NXT, it will negatively affect it's health.
The low price is signalling the lack of confidence to many, so it's not exactly healthy either.
I think they know if they don't stop selling some time soon to let NXT breathe, they kill NXT, simple as that.
No it's not simple. If the initial investors stop selling NXT, it will negatively affect it's health.
Quote
Here I propose a ternary paradox, that the natures of decentralization, security and environment protection constitute an impossible trinity. (Graph 2) A crypto-currency which is both environmentally-friendly and secured would definitely need to be centralized, like PPcoin, Nextcoin and Ripple. These coins either contain aspects of centralized structure, or their decentralized structure is not sustainable, with a Paypal-like centralized verification mechanism. A crypto-currency which is both environmentally-friendly and decentralized would be unsecured, like P2P currencies of ‘one-IP-address-one-vote,’ which are already excluded by Satoshi. He believed that if the majority were based on ‘one-IP-address-one-vote,’ it could be subverted by anyone able to allocate many IPs.5 If one designs a secured decentralized currency, it must come with the cost of consuming energy and calculation power. PoW is the first solution to construct a verification system in the form of decentralization, and will probably be the only one.
http://cryptocoinupdates.com/the-impossible-trinity-security-environment-protection-and-decentralization/
with share fee pools this not occurs.
share fee group (share fee pool or share fee Hubs) and limiting forging power of an account to 1.000.000 Nxt coin maximum . this means 1.000 nodes to ensure minimum network
Extremely decentralized network (in the exemple 30.000 Nodes) and therefore very secure network
Small accounts motivated to participate in forging (In the exemple 100 Nxt account is forging every day not every 10 year)
rich and poor have the same chance to forge because everybody forge everyday!!!!
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I really like this idea because your node still has to be online to be part of the shared group.
It retains the decentralisation and number of nodes.
Forging is a bit like bingo/lottery anyway rather than mining and it smooths out the impact of penalty and people pool hopping if the pool was based on a single node...
So generally in stead of buying a single big ticket you are offering to share your ticket and any winnings with lots of others and vice versa
Penalties would only affect the nodes in the shared pool an would not take huge chunks of NXT out of the forging balance in one go by taking a whole pool out.
Logged
It retains the decentralisation and number of nodes.
Forging is a bit like bingo/lottery anyway rather than mining and it smooths out the impact of penalty and people pool hopping if the pool was based on a single node...
So generally in stead of buying a single big ticket you are offering to share your ticket and any winnings with lots of others and vice versa
Penalties would only affect the nodes in the shared pool an would not take huge chunks of NXT out of the forging balance in one go by taking a whole pool out.
Logged
Altcoin pannel with Rickey from Texas conf online: http://www.youtube.com/watch?v=E1oqFRROW7M
Hey Guys, Im wondering.. Why is the price of NXT doesnt go up, for such a long time now? Everybody say its a real good coin, a lot of people are working on it, but for months around the 7500 satoshi...
It sounds promising on some sides, and also sounds worrying on other sides.Many people consider current price to be too high.
contrary, price is way to low to be interesting.
sell triggers selling, buy triggers buying.
I HODL, NXT will be above 1$
1 Nxt = 1 $ ...
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Find a solution for SR users and you will see Nxt gain 10x value.
Isn't this NXTcash ?;P
There are mixing services for BTC, what I'm referring to is a complete transaction solution all within a Nxt client. No need to access Tor, login to site, have funds in escrow, etc.. This would be accomplished with a decentralized market accessed via Nxt client, funds placed into escrow via AT, funds released, feedback left via AM reputation system, and so on, all done within client. The only reason to target SR users is that they are the only mass marketplace audience familiar with crypto and ready for a solution.
We don't necessarily need to duplicate the SR model, we just have to find something that is equally useful. I would try a simpler design, where the buyer contacts the seller directly using encrypted messages. Information about reputable sellers is already discussed on the forums, so there is no need to publically announce who sells what.
1. Buyer sends message to query available products. Seller responds.
2. Buyer sends coins, name of product and physical address
3. Seller responds with order rejected or accepted.
I agree that having secure ways of mixing coins is not necessary, because there are already mixers for Bitcoin.
The question of having a reputation system and escrow is more tricky. I'm not sure that having a traditional feedback and escrow system is the best solution. Discussions on the forums already work as a kind of a reputation system.
Having a user-friedly client for this would be important.
EDIT: The seller-side software would run continuously on the seller's computer, keep track of the inventory and automatically respond to the buyers' queries.
Hey Guys, Im wondering.. Why is the price of NXT doesnt go up, for such a long time now? Everybody say its a real good coin, a lot of people are working on it, but for months around the 7500 satoshi...
It sounds promising on some sides, and also sounds worrying on other sides.Many people consider current price to be too high.
contrary, price is way to low to be interesting.
sell triggers selling, buy triggers buying.
I HODL, NXT will be above 1$
Getting my doubts. I wonder what the price would be if there were no constant sells from the donks.
I think they know if they don't stop selling some time soon to let NXT breathe, they kill NXT, simple as that.
1st video about NXT at the 2014 Texas Bitcoin Conference:
http://prisonorfreedom.com/what-is-nxt-nextcoin-2014-texas-bitcoin-conference/
Enjoy!
Tai Zen
http://prisonorfreedom.com/what-is-nxt-nextcoin-2014-texas-bitcoin-conference/
Enjoy!
Tai Zen
Thanks Tai Zen.
Hey Guys, Im wondering.. Why is the price of NXT doesnt go up, for such a long time now? Everybody say its a real good coin, a lot of people are working on it, but for months around the 7500 satoshi...
It sounds promising on some sides, and also sounds worrying on other sides.Many people consider current price to be too high.
contrary, price is way to low to be interesting.
sell triggers selling, buy triggers buying.
I HODL, NXT will be above 1$
Getting my doubts. I wonder what the price would be if there were no constant sells from the donks.
Hey Guys, Im wondering.. Why is the price of NXT doesnt go up, for such a long time now? Everybody say its a real good coin, a lot of people are working on it, but for months around the 7500 satoshi...
It sounds promising on some sides, and also sounds worrying on other sides.Many people consider current price to be too high.
contrary, price is way to low to be interesting.
sell triggers selling, buy triggers buying.
I HODL, NXT will be above 1$
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