Topic: NXT :: descendant of Bitcoin - Updated Information - page 620. (Read 2761629 times)

100k+ NXT or so in my view (which is still very inconsistent to calculate consistent return).

Don't view forging as something where you will make load of NXT on. View it as helping secure the network. Same thing will happen when any bitcoin-like crypto reaches their max supply cap where they have to help secure the network and get paid in transaction fee's. I view forging blocks like winning a very tiny lottery until we have more transactions happening often.

If you have a low amount of NXT I would suggest joining nxtio.org (forging pool) and send your NXT there to forge if you want to have satisfaction of an increasing NXT amount(although very very tiny increase). Unless we ever getting leased forging method.

That's BS. It ain't over til its over. If your statement held any weight then there wouldn't be a Ripple or NXT because Bitcoin was first. The more animal that has evolved to be more adaptive will eventually feast on the flesh of the lesser adaptive.

Thank you very much Al, appreciated. I think we will add it before this week ends.

Best, tyme.

Well Ripple is obviously flouting some law of physics that can't be breached, or is lying that they are planning to become decentralized.
I've been asking this question about ripple for a while now in different forums and you are the first person to offer an answer that I can chew on.

& I wasn't trying to be a jerk. I just figured that's the way y'all talk to each other from reading these threads and I'm just trying to fit in.

sounds good james. i was just going to issue myself as many silver nxt tokens as there were above ground ounces of silver in the world but it would be nice instead to just issue tokens as i actually produce the bars.

Just a reminder: BCNext don't want NXT to be a currency. Coins on top of Nxt should be. Does this change anything?

Question to the pro's here:

How much nxt do I reasonably need for forging? I am a bit confused. My estimated block generation time always changes with every new block...

Amalgamation?

or perhaps Alloy?

That's BS. It ain't over til its over. If your statement held any weight then there wouldn't be a Ripple or NXT because Bitcoin was first. The more animal that has evolved to be more adaptive will eventually feast on the flesh of the lesser adaptive.

NXT Assets currently are issued with all of them created at once. Kind of in the spirit of NXT. However, for creating a 1:1 correspondence between the NXT AE Asset and something tangible, this issue all at once model is not quite right.

For example, in the gateway I have to exchange deposited DOGE with NXT AE DOGE. Since there are 100 billion DOGE and only 1 billion NXT AE DOGE possible, that would create a problem if more than 1% of all DOGE is deposited. For a NXTcoins that are mined at a rate of 100,000 per day it is quite important that the number of NXT assets in circulation match the number that was mined.

In order to make it easy for people to deal with these type of cases, I am creating a NXTcoins development kit where you will be able to specify (within reason) the properties of the coin, especially as it pertains to total authorized, total in circulation, creation criteria, etc.

James

That's a BS answer. According to Ripple Labs they will be just as decentralized as NXT is in the future. All that as to happen is for volunteers to host the servers instead of Ripple Labs, which is no different than asking users to pay for VPN services and running nodes. Right now Ripple is the only alt-currency/network that is ready for prime time when it comes to being point of sale capable and even if your argument were true, the merchants & users will give exactly two shits about which one is more decentralized. If it works, it works. End of story.

First one to the finish line gets to be Google. The rest will enjoy bing and yahoo status.

Well Ripple is obviously flouting some law of physics that can't be breached, or is lying that they are planning to become decentralized.
I've been asking this question about ripple for a while now in different forums and you are the first person to offer an answer that I can chew on.

& I wasn't trying to be a jerk. I just figured that's the way y'all talk to each other from reading these threads and I'm just trying to fit in.

Well Ripple is obviously flouting some law of physics that can't be breached, or is lying that they are planning to become decentralized.
I've been asking this question about ripple for a while now in different forums and you are the first person to offer an answer that I can chew on.

NXT is a decentralized, free market ecosystem that incorporates its own peer to peer asset exchange. The NXT Asset Exchange is a virtual market place that allows NXT users to generate assets that can be bought, sold or traded on the open market. These NXT based assets can hold a value of their own, like a crypto currency or loan marker, or be a representation of some thing physical, that has a value, like livestock, precious metals, or what ever NXT users have the creativity and capacity to imply to the asset. The NXT Asset Exchange is also capable of accepting deposits of assets that have been generated outside of the NXT blockchain such as Bitcoin, Litecoin and other crypto currencies. These deposited assets can be bought sold or traded on the NXT Asset Exchange in a similar fashion to conventional private exchanges like Cryptsy or Bter. To compliment and facilitate this free market, NXT also provides a common, decentralized currency. The NXT Asset Exchange provides a means for NXT users to buy, sell, or trade anything. Is this accurate?

I don't exactly follow what you mean when you mention unicorn assets and managing inventory. Is that just a reference to the AE being able to accept crypto deposits for trade as well as generate assets?

I stated an obvious thing. Didn't expect that u need a lesson coz 99% of ppl here know what Ripple is.

This is the correct path to take - an intermediate group that acts as an advance scout whose main goal is to get the code ready for public circulation.

The WHOLE POINT of going open source with this code is to share it with others.  Open source code is useless to anybody who can't make sense of it.  Releasing it March 1st is a guarantee to make that happen.  Taking the month of March to show the code to a transition team of others whose sole job is to UNDERSTAND IT and COMMENT IT and DOCUMENT IT (and not ADD to it) is absolutely the right thing to do.

What is the ideal outcome we should be shooting for?  1000 new coders on April 5 that can pick up the NXT open source modules and immediately start adding many new features in a coordinated, cooperative fashion.  Are we currently on a path to achieve that ideal goal?  Hell no.  So let's use the time we've got on the clock to start moving in that direction.  Releasing undocumented, mystic / confusing code on March 1 instead of April 4 only makes the clusterf#@k happen a month early.  We don't want that.

Designate a code documenting transition team that starts interfacing NOW with the current devs.  Ground rule number one is that devs drop all the cryptic mumbo jumbo talk and come clean with the transition team where everything actually stands as of right now.  Then we can all start picking up the pieces to build something even more wonderful.  

you can buy million computers, you cannot buy million computers with million Nxt.

NXT started with 1 billion NXT. But there were person(s) that sent NXT to the genesis account. http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=1739068987193023818 to destroy a few NXT.

Or do I have it wrong?

Forging Groups = Pool ...( it's similar )