Current NXT circulation:
1. Buy NXT from initial stakeholder.
2. Register alias / send message / issue asset and pay fee to stakeholder.
3. Goto :1
As I always said, forging was created for stakeholders. You (community) always said that "when we'll have more transactions, fees would be better distributed". False! Forging is not dependent on fee in expected block. The only thing that will change is that stakeholders would get back their sold NXT faster.
Nxt is good platform. It is another P2P software like Bittorent. We need to find another way to prevent spam and get rid of NXT.
Ok. All fees go to the genesis account.
If you send the fees to the genesis account you will destroy NXT because you will eventually run out of NXT.
With or without pooled forging, people with more NXT will get more NXT by forging. People should view NXT as non-depreciating mining equipment. The more NXT you own, the more NXT you will receive. I'd rather purchase NXT than an ASIC because an ASIC will depreciate and I will earn less and less with my ASIC. With my NXT, I will always recieve "MY NXT AMOUNT" / 1,000,000,000 NXT x 100% of the network's transaction fees.
The one worrisome thing about this Proof Of Stake concept is that it may very well turn out to be like a game of Risk. Where once a player passes a point where they have a decisive advantage with troops, they quickly dominate the entire game, becoming more dominant with every battle until soon everyone else is slowly and methodically wiped out, or someone flips the board over, whichever comes first.
It seems like this might happen with something like NXT. The large stakeholders gaining the most out of forging, becoming more powerful with every block they win, achieving something of a compounding interest snowball type effect, until only a few big fish remain, sitting on their fat Jaba the Hut asses for the rest of NXT's existence gobbling up all the NXT while everyone else gives up forging at all; the network degrades until the Whales see the writing on the wall and push the SELL button, making NXT just another addition to the isle of coulda-shoulda-woulda.
Average fees per day is 7855 NXT
When the minimum fee is lowered to 0.1 or 0.01, it will probably go up to around 20000 NXT per day.
Thats one and a half years for 1% to be churned, more like 5 years at current rates.
This is not going to make anybody rich, it is enough to pay for server costs, but not much else.
forging fees are for spam prevention
nobody gets rich collecting spam prevention fees
please stop obsessing over the spam prevention and how it is fair or unfair about who gets the spam fees
If people spent half the effort actually building on NXT that they do complaining about whatever they dont like about it, NXT would be worth a lot more.
Isnt that what we all want? Distribution is what it is. No amount of complaining will change that. However, anybody can step up and start doing useful stuff and get rewarded. Anybody. Even a simple C programmer like me.
James
I am not a developer. I am just a guy who likes crypto and bought a few NXT and reads this thread to see how the development is coming.
I still can contribute a thought on what I think I see as a big flaw in NXT gaining widespread adoption and try to influence the developers by making suggestions. I can play musical instruments but if someone doesn't like what I'm playing I don't say "well if you spent more time learning to play you could play it yourself". That would be a copout.
As I stated, personally I would forge for free and am doing that now. My concern is about down the road when more users come along and less of them are going to be intimately involved and willing to run a program on their computer, especially one that opens them up to DDOS attacks or potentially worse for no reason. People follow the path of least resistance. I'm just one guy, but not the only one, who sees this as a potential serious flaw. The developers are busy with higher minded stuff and I think are a little bit removed from average users. That's why suggestions from nobodies like me can be helpful, or not. But to say we should be doing your job and developing your program for you is a little much.
I didnt say that people should become devs. I said TEST. ANYBODY can test.
All this complaining is getting me depressed. Maybe I shouldnt bother with any of the projects I am doing.
All people seem to do is complain about this, a release is not done, I dont get anything from forging, blah, blah blah
I am working 18hr days trying to bring significant improvements, but if this is the attitude people have and they wont be forging because it doesn pay them enough, then why am I bothering?
STOP COMPLAINING
START HELPING
Is that too much to ask?
For people that want to earn stuff from forging, there is nodecoin. That should be end of story on that issue. Not only do you help secure the network, you will get nodecoins. Unless I get so depressed from all this nonsense that I dont bother making nodecoin. Is that what you want?
James
