Topic: NXT :: descendant of Bitcoin - Updated Information - page 837. (Read 2761626 times)

Actually, I have to disagree. I started mining to get a better understanding of this "miner's mentality". It is actually not that easy.There are a zillion coins that having invested thousands of dollars into GPU's or actually paying for VPS time to mine a coin means they are businessmen. Invest, work, generate revenue. That is not something for nothing at all. That is getting the most revenue from my investment.

In fact, it is EXACTLY the type of person we want to be building the products and services on top of NXT.

We need to stop this us vs them rhetoric. Just imagine if miners could make more money mining NXTcoins built on top of NXT. What would the implications of that be?

James

Nice! In fact, i am working on a way that non technical users can make their own coins on top of NXT. Just issuing a coin for every block that someone could have forged would give a nice numerical reward to people. This will be a great coin to be a test case for the NXTcoins generator. [need a less confusing name, then again making it clear that something on top of NXT implementing coin tech is a NXTcoin could once and for all clearly communicate that NXT itself is not a coin]

A NXTcoin needs someone to have the idea. Then if they are not technical, they need to find somebody that is and have them fill in the blanks as to the proof of work for the coin, or they can just issue a proof of stake coin and avoid this. havent worked out all the details yet so it is good to have a simple use case. It might be that a one day programming effort could be all that is needed to launch a coin. Utilize the open source exchange and it is open for business. All of the coin transactions are currently envisioned to be within AE so there is no need to develop a wallet.

James

Yeah, "miners mentality" to me is synonymous with "I want demand something for nothing mentality". I do think that incentive is a very important and effective thing though.

By and large all the full BTC founders have done an excellent job, I personally am sure of 5 of them. I am assuming BCNext is one of the non-sellers, but nobody can possibly hold that against him. Not sure why there is this impression that they havent. Maybe the mistake they made was to sell of such big chunks at such low prices. I estimate the amount of NXT held by early adopter large investors is about the same amount as what the original full 8 BTC founders have left. Of the early adopters, msin, lophie and buybitcoinscanada have been great, but I am not really aware of many others that are being very active, at least not publicly.

I hope they will eventually realize that investing their low cost NXT into the new businesses that will be spawning all over the place will be a good place for them to invest. Since they are clearly astute investors, this NXT VC role is something that they can fill. Look at msin helping purchase nxtchg.com and that will evolve into one of the cornerstone businesses in the NXT economy. Community gateway and all the other services that naturally belong in the exchange/gateway.

For others that want to make their own gateway there is an open source gateway I heard about, but dont know if it is any good. If someone would evaluate https://github.com/buttercoin/buttercoin and post their impressions, that would be much appreciated. I think if people posted their business idea here, or just used the ones that are freely given out, then the big NXT holders would be able to invest. If the big whale guys want to help, but stay anonymous, I would gladly arrange for whatever anonymity/investment plans they want. Gotta do what is needed to get the investment capital flowing, we have a whole economy to build.

So as a community, we need to offer the big early adopter investor whales something that will have a decent chance of gaining in value faster than NXT itself. Otherwise, what rational investor would put the NXT in?

James

i would like to try it.

If I had the knowhow I would be developing the first coin on top of NXT called "Nodecoin". A type of payment system for maintaining an NXT node. Issued at regular intervals. Probably would not be worth much, and would be inflationary, but it would benefit the network greatly by encouraging every NXTer to have NXT in their wallet and keep forging.

weakening of NXT infrastructure.

Maybe it is best to think of forging as our civic duty. Doesnt take much effort and every now and again a surprise bonus. Kind of like being forced to buy small payout lotto tickets to support community infrastructure. Even if you dont get any $5 winners, you have done your civic duty and everybody is better off.

I propose that we take this stance on forging. It is NOT a way to make money, it is simple what being part of the NXT community means. We forge so we all have a safer community.

people should feel guilty if they are not forging. It is something that you hope nobody finds out about since it is a shameful thing to not forge for the community good. If you agree with me, please make a similar themed reply for people with "miner's mentality" complaining about small forging revenues.

I am in the process of creating a way that all the people with "miners mentality" will be able to mine to their heart's content and gaining from that. It will be built on top of NXT and be a bridge to the mining community, which to day has not really accepted NXT. After all, why should they? Well, I want to have a big giant tent and if there are thousands of technical guys out there with terahashes of computing power, NXT community should do what it can to bring them into our tent.

This will be achieved, just need a few people to help me.

James

Thank you everyone who has donated so far for the charity drive, we are now at 34,686!!

If you haven't donated already, please head over to https://bitcointalksearch.org/topic/nxt-6k-raised-for-songs-of-love-468258 to help out!

I am following BCNext's plan! He is clearly much smarter than me, who am I to second guess his recommendations.
In any case it makes a lot of sense to me that NXT itself should be as close to free to use as possible. Think how much it costs to use the Internet, or normal cash. If using the internet had a per minute fee (like Compuserve did), it would never have become what it is. Most people dont seem to under stand this. Elasticity of price demand, eg. lower cost -> more volumes.

I suggest that everybody just IGNORE any amount that comes in from forging. If it comes in, great, if not, dont worry. NXT is about building an economy. What sort of economy would it be if everybody just sat around waiting and staring at their money waiting for it to magically and spontaneously spit out more money?? The fact that NXT actually does this every once in a while is fantastic, but it is NOT the reason to own NXT. [answer to my rhetorical question is "massive economic depression"]

The reason to own NXT is to be able to build a livelihood around it. Create a product like Anon's silver bars, create a service like many people have already done. You have to do something to get something. Its not really that strange that it works this way is it?

Unless you have 100 BTC and can buy 1 million NXT, you gotta work. Even if you have 1 million NXT, it would be much better if you invested in the best ideas and allow others to make a living.

I am in the process of coming up with ways normal people can make a living by building stuff on top of NXT, but the more people that contribute such ideas the better. I cant be the only one who has ideas on how to make money with NXT.

Let's play a game. post a way you can think of that somebody can make money with NXT, using the tech that is currently being developed. The best idea as measured by (estimated revenues divided by estimated costs to implement) will win 500 NXT bounty. If there is no consensus as to what idea has the best revenue/cost ratio, i will flip a coin and pick the one I like the best.

Deadline is before I sign off tonight, probably 6 to 8 hrs

James

+1

congratulation，I list your website on the Nxt websites navigationwww.nxt123.info

We (NXTpool.net) are at 150k NXT right now (one profi left us with his 50k NXT last week) and we'll re-open for everyone in 10 days. I think we'll have to reach 500k to be successfull.

BTW:

Holy sh*t, you must start java with Xmx option.

swap 102396k(3032k free) that means your raspi was swapping 100MB on its sdcard, that will not work and your sdcard will die very fast.

Use:
java -Xmx150m -jar start.jar

And tell me how it goes. This way it will never oom on any raspi version.

Greets,
eb

Less then 100K in sell orders in Vircurex to reach 0.0001 

count me in if needed.

So what is the "penalty" for not forging ?

Hi,Passion_ltc
Hope you everything goes well,come back ASAP.

That was surprisingly funny

On-topic: Thought I sent to wrong address and scammed

Alright then. I posted some info to the nextcoin.org thread.

I will keep the community updated there.

Good day