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Topic: NXT Fly to the moon in 2014 (Read 2394 times)

sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
June 06, 2014, 04:49:56 AM
#34
It still is not but this will form a natural market. Smiley
hero member
Activity: 527
Merit: 500
June 05, 2014, 06:09:44 PM
#33
So it hit $0.10. How's that fixed fee working out for you?

I don't see how it's going to the moon when the fees are prohibitively high. Yeah, yeah, I know "they can change the fee". Right, so how's that supposed to work? The devs just lower the fee whenever they feel like it? Is there some consensus, some protocol?

I've never go a straight answer to this. Anyone?

The idea is to let forgers choose which fees suites their need.

If they need a higher fee to cover their costs, they will announce it. If they can forge for a lower fee, they will change it. Different forgers will have different fee limits.

Interesting... This wasn't the case last time I checked. I'll have to do some more research. Thanks :-)
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
June 05, 2014, 03:34:32 PM
#32
So it hit $0.10. How's that fixed fee working out for you?

I don't see how it's going to the moon when the fees are prohibitively high. Yeah, yeah, I know "they can change the fee". Right, so how's that supposed to work? The devs just lower the fee whenever they feel like it? Is there some consensus, some protocol?

I've never go a straight answer to this. Anyone?

The idea is to let forgers choose which fees suites their need.

If they need a higher fee to cover their costs, they will announce it. If they can forge for a lower fee, they will change it. Different forgers will have different fee limits.
full member
Activity: 196
Merit: 101
June 05, 2014, 02:46:28 PM
#31
NXT is leaded by really skilled devs and if you see the charts, in the last day it gained 21% of its value.
As I wrote in the thread "which coin will skyrocket", I'm sure this is going to be huge.
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
June 05, 2014, 02:14:51 PM
#30
So it hit $0.10. How's that fixed fee working out for you?

I don't see how it's going to the moon when the fees are prohibitively high. Yeah, yeah, I know "they can change the fee". Right, so how's that supposed to work? The devs just lower the fee whenever they feel like it? Is there some consensus, some protocol?

I've never go a straight answer to this. Anyone?

OK here's a straight answer for you: No there is currently no protocol for dynamic fees (which I think would be a great thing for Nxt). But Nxt is developing a voting system within protocol that could be used as an alternative to centralized decisions about fee changes. Anyway this is not a major issue.

Thanks.

So users will may able to vote for fee changes in the future. At least that's some answer. Now the question is about the incentives of the voters and the economic viability of such a solution.

I don't see how this isn't a major issue. The fixed fee puts a cap on the price. If NXT is worth $10, that means each transactions costs $10! Clearly NXT will never reach $10 per coin. In fact, it's probably never going to go much higher than it is now, unless the fee is lowered (somehow).

You must not be uptodate!

NXT will introduce a variable fee with the next NXT update. That means it will be way cheaper and the fee amount is depending on the size of the transaction.
hero member
Activity: 527
Merit: 500
June 04, 2014, 06:00:28 PM
#29
So it hit $0.10. How's that fixed fee working out for you?

I don't see how it's going to the moon when the fees are prohibitively high. Yeah, yeah, I know "they can change the fee". Right, so how's that supposed to work? The devs just lower the fee whenever they feel like it? Is there some consensus, some protocol?

I've never go a straight answer to this. Anyone?

OK here's a straight answer for you: No there is currently no protocol for dynamic fees (which I think would be a great thing for Nxt). But Nxt is developing a voting system within protocol that could be used as an alternative to centralized decisions about fee changes. Anyway this is not a major issue.

Thanks.

So users will may able to vote for fee changes in the future. At least that's some answer. Now the question is about the incentives of the voters and the economic viability of such a solution.

I don't see how this isn't a major issue. The fixed fee puts a cap on the price. If NXT is worth $10, that means each transactions costs $10! Clearly NXT will never reach $10 per coin. In fact, it's probably never going to go much higher than it is now, unless the fee is lowered (somehow).
newbie
Activity: 47
Merit: 0
June 04, 2014, 05:27:42 PM
#28

NXT is awesome, NEM will be awesome. There is enough space for 2 true 2nd gen coins. gogogogo

I fully share your opinion.
As we all can see there is no direct concurrence between NXT and NEM.
Both of them can have a bright and shiny future.
legendary
Activity: 1106
Merit: 1000
June 04, 2014, 11:12:12 AM
#27



UMMM slight problem with your thesis. Qora, BCNext's proper project is up and running, who wants NXT 1.0 when they can have NXT 2.0. bye bye...

please explain what makes qora nxt 2.0

https://bitcointalksearch.org/topic/qora-is-bcnext-579858

Qora has some refinements on NXT like the forging is an algorithm that includes other factors not just size of stake. The assett exchange is planned in a few weeks so thats when we can see how well Qora has implemented everything.  




Thank you for the reply. I've seen the threads that make the claim of bcnext = qora dev, however this in an of itself does not = nxt 2.0.

I'm not sure the nxt 2.0 claim is valid. And I'm open to hearing more arguments on why Qora = nxt 2.0 but I don't see it yet.

satoshi is a genius but he is not the one coding bitcoin what it is today.
jr willit is a genius but he is not the one coding msc what it is today.
bcnext is a genius but he is not the one coding nxt what it is today.


Do you see my pattern? These geniuses started a movement but that does not mean that every idea they have is gold. Nxt has first mover advantage, and one hell of a team.



Qora for some reason always makes me think of the Last Airbender. lol



well I respect you are actually listening to my reply and not trying to create FUD to push the price down or simply not interested in finding out.

I won't hype Qora to you, NXT is great, Bitcoin is great. I think most believers in Qora have been created by following him how he operates over the last few months. It's a fair point about how coins have developed and I think Qora is a bit of an eccentric genius. he didn't turn up for a few days after the IPO just cause he was busy checking PM's. people were assuming the worst that he went AWOL.


I think in the end it will be how user friendly he implements the asset exchange. Thing is in my opinion NXT had the problem of too many cooks, I personally hate using any of the wallets. Qoras plan is to be as user friendly and as simple as possible.

And if it is BCNext you have to admit any NXT believer can't really discount a BCNext project. At the very worst I believe it's a new code so that makes it a rare thing and puts it potentially in the same category of NXT not just being a clone of NXT. I mean systems like Emunie that were planned had these functions but people were going crazy at the prospect of it. Qora has little fanfare so far. Yeah NXT has some overlap with Qoras functions but we shouldn't confuse function similarity with implementation. It's like saying Windows is the same as OS cause it does the same job. Implementation is everything. What I personally like about Qora is the focus on being future proof.


If you look at the top coins they all deserve to be there due to their innovation. That's why I'm sure it will be a major contender in some form or another. In the end I agree with the Qora developer when he said this:


"I believe that the features of cryptocurrencies will not decide which one will survive and which one not.
Some features will become useless and some will become standard in all cryptocurrencies.
I believe that at the end the most documented/user-friendly cryptocurrency will dominate.
Getting to this point might still take a few years."




hero member
Activity: 882
Merit: 1000
June 04, 2014, 10:51:36 AM
#26



UMMM slight problem with your thesis. Qora, BCNext's proper project is up and running, who wants NXT 1.0 when they can have NXT 2.0. bye bye...

please explain what makes qora nxt 2.0

https://bitcointalksearch.org/topic/qora-is-bcnext-579858

Qora has some refinements on NXT like the forging is an algorithm that includes other factors not just size of stake. The assett exchange is planned in a few weeks so thats when we can see how well Qora has implemented everything. 




Thank you for the reply. I've seen the threads that make the claim of bcnext = qora dev, however this in an of itself does not = nxt 2.0.

I'm not sure the nxt 2.0 claim is valid. And I'm open to hearing more arguments on why Qora = nxt 2.0 but I don't see it yet.

satoshi is a genius but he is not the one coding bitcoin what it is today.
jr willit is a genius but he is not the one coding msc what it is today.
bcnext is a genius but he is not the one coding nxt what it is today.


Do you see my pattern? These geniuses started a movement but that does not mean that every idea they have is gold. Nxt has first mover advantage, and one hell of a team.



Qora for some reason always makes me think of the Last Airbender. lol
member
Activity: 98
Merit: 10
win
June 04, 2014, 09:50:36 AM
#25



UMMM slight problem with your thesis. Qora, BCNext's proper project is up and running, who wants NXT 1.0 when they can have NXT 2.0. bye bye...

please explain what makes qora nxt 2.0


You will have to look through the posts of Qora as they are scattered. But there really is an VERY strong case that Qora is BCNext. Seriously loads of evidence.  A few of the top of my head. BCNext said NXT was a precursor to his real project, plus Qora said he was working on a project with others but too much talking ruined it for him. He codes in Java. He updates the client every few days, he didnt deny he is BCNext, he has used some similar language, he is from Europe, he appeared a few weeks after BCNext disappeared. he's clearly a genius. the list goes on and on. His behavior is almost exactly like BCNext is the biggest one. He appears only talks about the coin and disappears. Like BCNext he isn't interested in money or hyping his creation, rare in itself.


you will have to research it for yourself to see if you believe it or not. I accept it could be untrue but there was this that got people wondering. For me its the fact I don't know of anyone who can create such a brilliant coin alone, I mean apart from NXT and Bitcoin who has done that?

https://bitcointalksearch.org/topic/qora-is-bcnext-579858

Qora has some refinements on NXT like the forging is an algorithm that includes other factors not just size of stake. The asset exchange is planned in a few weeks so thats when we can see how well Qora has implemented everything. 

full member
Activity: 178
Merit: 100
June 04, 2014, 09:16:42 AM
#24
Slightly offtopic: nyone knows if NXT daemon uses a similar interface like Bitcoin daemon?
hero member
Activity: 882
Merit: 1000
June 04, 2014, 09:14:57 AM
#23



UMMM slight problem with your thesis. Qora, BCNext's proper project is up and running, who wants NXT 1.0 when they can have NXT 2.0. bye bye...

please explain what makes qora nxt 2.0
sr. member
Activity: 311
Merit: 250
June 04, 2014, 05:46:14 AM
#22
What about the rumour about 3 middle companies going into NXT ?? Seems that is more than a rumour, will be some anouncement next week?
hero member
Activity: 527
Merit: 500
June 04, 2014, 05:27:26 AM
#21
So it hit $0.10. How's that fixed fee working out for you?

I don't see how it's going to the moon when the fees are prohibitively high. Yeah, yeah, I know "they can change the fee". Right, so how's that supposed to work? The devs just lower the fee whenever they feel like it? Is there some consensus, some protocol?

I've never go a straight answer to this. Anyone?
hero member
Activity: 767
Merit: 500
Never back down !!!
June 04, 2014, 04:46:21 AM
#20

NXT is awesome, NEM will be awesome. There is enough space for 2 true 2nd gen coins. gogogogo
member
Activity: 98
Merit: 10
win
June 04, 2014, 04:37:38 AM
#19
NXT only coin in the +% right now in the top 9


Namecoin is as well. Not the best way to prove a point. Why did you leave 10 out hahaha Mastercoin up 150% NXT up 2%

http://coinmarketcap.com/
member
Activity: 98
Merit: 10
win
June 04, 2014, 04:35:42 AM
#18
lol @Nxthaters



Can you point out one negative opinion about NXT? NEM sure but NXT as you said.

If Qora is done by the same person as NXT how could I be? But using Windows 95 instead of Windows 7 when you have both is for dummies.
hero member
Activity: 1680
Merit: 506
Trphy.io
June 04, 2014, 04:30:47 AM
#17
NXT only coin in the +% right now in the top 9
hero member
Activity: 1680
Merit: 506
Trphy.io
June 04, 2014, 04:30:01 AM
#16
lol @Nxthaters
sr. member
Activity: 246
Merit: 250
June 04, 2014, 04:25:09 AM
#15
it raised just because BTC raised...

Not really..
It overperformed Bitcoin

I got my stake recently and its the only altcoin I feel safe with.
I really think this one has a chance to take Litecoin from Number 2. It has tons of potential a large community and working developers (that actually make lots of new feature).


I wanted to know what is the problem with Java? (im not a programer)
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