Nxt Academy raised 578.232 NXT with a crowdfunding coin on de Monetary System. Crowdfunding on the Nxt blockchain with the monetary system, cool!
You can start from 40NXT to start your own cryptocoin!! Even mining is possible in Nxt Client (CPU).
Topic: Nxt Monetary System launched: Now on Nxt Testnet! (Read 8504 times)
How is MS doing? Any good (or bad) news? I am quite disconnected these days.
Wolf0, well known in the the mining world it seems for custom settings/mining software, is quite involved. Check out his posts here or on nxtforum. Also ScripterRon on Nxtforum has written a GPU minter. Seems to be popular with a growing group, I guess speculating on the future value of the 'first mover' MSCoins. If such a thing exists
How is MS doing? Any good (or bad) news? I am quite disconnected these days.
Title could be updated to show Monetary System is now live 
Pow mining, trustless crowd funding, stores of value and secure retail vouchers are now all available and, more importantly, being used.
Pow mining, trustless crowd funding, stores of value and secure retail vouchers are now all available and, more importantly, being used.
Here's a handy guide to get you up to speed quick on the NXT Monetary System: https://drive.google.com/file/d/0B8paJFYHGv0QVDN2dXFaRTBFeFE/view?usp=sharing Enjoy!
this just went live it seems... alot of MS coins out now it. this can totally help out small community altcoins.
Testers still busy at work, upgrade to version 1.4.6 to ensure a smooth transition.
If you want to test Monetary System so you know how to use it on launch day, see here >>> https://nxtforum.org/general-discussion/%28core%29-hardfork-on-330000
Monetary System goes live roughly 10th January, block 330000
If you want to test Monetary System so you know how to use it on launch day, see here >>> https://nxtforum.org/general-discussion/%28core%29-hardfork-on-330000
Monetary System goes live roughly 10th January, block 330000
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Release 1.4.6
[removed, see https://nxtforum.org/nrs-releases/nrs-v1-4-6/ for Jean-Luc's message]
sha256:
[removed]
Change log:
Set MS block to 330000 in the UI too, so that the MS features menu appears
after that height.
Enforce that currency exchange offer expiration height is after the current
blockchain height.
Refactoring of the UI html, splitting index.html into multiple files.
Added offer and transfer links to currency exchange booth UI.
This release will perform a rescan on testnet only, with a rollback to block
159305.
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Hash: SHA1
Release 1.4.6
[removed, see https://nxtforum.org/nrs-releases/nrs-v1-4-6/ for Jean-Luc's message]
sha256:
[removed]
Change log:
Set MS block to 330000 in the UI too, so that the MS features menu appears
after that height.
Enforce that currency exchange offer expiration height is after the current
blockchain height.
Refactoring of the UI html, splitting index.html into multiple files.
Added offer and transfer links to currency exchange booth UI.
This release will perform a rescan on testnet only, with a rollback to block
159305.
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Monetary System goes live on the mainnet at block 330000
We're at block 321435 right now, so that's in 8565 blocks (6-9 days) — exciting!
WOW that was fast!
Nxt continues to set the bar...
Monetary System goes live on the mainnet at block 330000
This will be a hard fork, upgrade to the latest version 1.4.5 before block 330000 or be left on a fork.
Whoop
Monetary System goes live on the mainnet at block 330000
This will be a hard fork, upgrade to the latest version 1.4.5 before block 330000 or be left on a fork.
Whoop
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Release 1.4.5
[Go to https://nxtforum.org/nrs-releases/nrs-v1-4-5]
sha256:
[deleted]
Change log:
Enable Monetary System at block 330000. This is a hard fork, therefore everybody
should upgrade to 1.4.5 or later before that.
If upgrading from 1.3.x, read the 1.4.0e and later changelogs for the important
changes and new features introduced in the 1.4 series.
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Release 1.4.5
[Go to https://nxtforum.org/nrs-releases/nrs-v1-4-5]
sha256:
[deleted]
Change log:
Enable Monetary System at block 330000. This is a hard fork, therefore everybody
should upgrade to 1.4.5 or later before that.
If upgrading from 1.3.x, read the 1.4.0e and later changelogs for the important
changes and new features introduced in the 1.4 series.
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Why not just use NXT itself? What utility will this feature provide?
Different properties than NXTs.
Different use-cases than NXTs.
Diversification.
Ah yes, and brings a bit of sidechain flair to Nxt.
glad Im not the only one who saw that. and with the way BTC seems to be foundering on the subject, my guess is MS will come out long before sidechains do
Indeed.
We also cover use-cases that otherwise would have people required to wait for Ethereum. So, people can use Nxt and get started with their local currency project.
Nxt might not offer a 100% flexible solution but it is flexible enough to cover 90% of the use-cases.
I don't really see why it would be better for crowdfunding than the Asset exchange... or digital good store if you prefer a stable price.
Because you can set a block height so if your target crowdfunding Nxt goal isn't reached, the MS coin isn't created and everyone gets their money back (called Reservable).
Something like this would have saved people a fortune lost in IPOs for undelivered coins.
Would have saved me some BTC (I knew I was gambling so it didn't bother me much)
What brings us to the question why invest in a currency in the first place? Investing in an asset on the Nxt Asset Exchange makes sense to support the venture behind it. But why did you invest in currencies?
How customizable will MS coins be when it goes live on testnet? I know we have a few set options like POW and Coin Mixing, but will we be able to add advanced features via API or will more options just be added by devs in future releases?
Right now, we go for a "just to be added by devs".
But:
Chuck, am I right to think that other properties can be added in the future? Depending on what people want/dream up?
That is true. However as with every decentralized currency (which those Nxt Currencies will be), they start with a social contract. That is, people will only have faith in the newly created currency when they can trust the stability and adherence to the social contract of the currency.
Currencies of the MS are not supposed to change once they are created AND in production.
Only new currencies would enjoy new properties later introduce than those initial ones.
But yes, people are free to suggest and to shape the decentralized nature of the Nxt economy platform.
How customizable will MS coins be when it goes live on testnet? I know we have a few set options like POW and Coin Mixing, but will we be able to add advanced features via API or will more options just be added by devs in future releases?
I don't really see why it would be better for crowdfunding than the Asset exchange... or digital good store if you prefer a stable price.
Because you can set a block height so if your target crowdfunding Nxt goal isn't reached, the MS coin isn't created and everyone gets their money back (called Reservable).
Something like this would have saved people a fortune lost in IPOs for undelivered coins.
Would have saved me some BTC (I knew I was gambling so it didn't bother me much)
I don't really see why it would be better for crowdfunding than the Asset exchange... or digital good store if you prefer a stable price.
Because you can set a block height so if your target crowdfunding Nxt goal isn't reached, the MS coin isn't created and everyone gets their money back (called Reservable). With Assets, people buy the Assets and their money is gone regardless if the target is reached.
that is pretty neat
I don't really see why it would be better for crowdfunding than the Asset exchange... or digital good store if you prefer a stable price.
Because you can set a block height so if your target crowdfunding Nxt goal isn't reached, the MS coin isn't created and everyone gets their money back (called Reservable).
Something like this would have saved people a fortune lost in IPOs for undelivered coins.
I don't really see why it would be better for crowdfunding than the Asset exchange... or digital good store if you prefer a stable price.
Because you can set a block height so if your target crowdfunding Nxt goal isn't reached, the MS coin isn't created and everyone gets their money back (called Reservable). With Assets, people buy the Assets and their money is gone regardless if the target is reached.
We also need to check how certain features will get used out in the wild.
I don't really see why it would be better for crowdfunding than the Asset exchange... or digital good store if you prefer a stable price.
Because you can set a block height so if your target crowdfunding Nxt goal isn't reached, the MS coin isn't created and everyone gets their money back (called Reservable). With Assets, people buy the Assets and their money is gone regardless if the target is reached.
I don't really see why it would be better for crowdfunding than the Asset exchange... or digital good store if you prefer a stable price.
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