Nxt Monetary System launched: Now on Nxt Testnet! - page 2.

msin

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Quote from: NoobKidOnTheBlock on December 18, 2014, 06:15:59 PM

So quick question what would it cost to make my own coin through this Nxt Monetary System? Any specs lingering around I could look at?

It depends on if you want to have your coin backed by Nxt (locked), but if you don't it's as cheap at 40Nxt

https://bitbucket.org/JeanLucPicard/nxt/issue/205/monetary-system-documenation (scroll down to Fees)

NoobKidOnTheBlock

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So quick question what would it cost to make my own coin through this Nxt Monetary System? Any specs lingering around I could look at?

ChuckOne

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☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: qqNxt on December 18, 2014, 07:29:45 AM

Did someone say decentralized crowd funding platform?

You can say that again! Grin

decentralized crowd funding platform

opticalcarrier

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Quote from: ChuckOne on December 17, 2014, 05:27:34 PM

Quote from: Hollowman338 on December 17, 2014, 12:51:00 PM

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. Wink

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

NoobKidOnTheBlock

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Quote from: msin on December 18, 2014, 01:28:16 PM

Quote from: NoobKidOnTheBlock on December 18, 2014, 12:26:07 PM

Quote from: msin on December 18, 2014, 11:12:56 AM

Quote from: NoobKidOnTheBlock on December 18, 2014, 10:27:52 AM

Quote from: LiQio on December 18, 2014, 10:27:06 AM

Quote from: NoobKidOnTheBlock on December 18, 2014, 10:19:26 AM

So is this pretty much a way to make your own coins? or what is the deal with this?

Excactly, issue your own currency. Secured by the NXT network.

In depth info here: https://bitbucket.org/JeanLucPicard/nxt/issue/205/monetary-system-documenation

Thanks I have an amazing idea for a coin and had no idea how to make one so I will be on top of this one for sure

Cheers Mate Wink

Make sure you read the documentation on the different options for coin creation, it allows some very interesting scenarios.

Thanks Mate I will be for sure to do that

No worries, definitely recommend testing on Testnet if you can, that way you can be ready to launch your coin when it goes live.

Really appreciate the help from all of you here on this thread I'm most definitely gonna take a good long hard look into it for sure :-)

msin

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Quote from: NoobKidOnTheBlock on December 18, 2014, 12:26:07 PM

Quote from: msin on December 18, 2014, 11:12:56 AM

Quote from: NoobKidOnTheBlock on December 18, 2014, 10:27:52 AM

Quote from: LiQio on December 18, 2014, 10:27:06 AM

Quote from: NoobKidOnTheBlock on December 18, 2014, 10:19:26 AM

So is this pretty much a way to make your own coins? or what is the deal with this?

Excactly, issue your own currency. Secured by the NXT network.

In depth info here: https://bitbucket.org/JeanLucPicard/nxt/issue/205/monetary-system-documenation

Thanks I have an amazing idea for a coin and had no idea how to make one so I will be on top of this one for sure

Cheers Mate Wink

Make sure you read the documentation on the different options for coin creation, it allows some very interesting scenarios.

Thanks Mate I will be for sure to do that

No worries, definitely recommend testing on Testnet if you can, that way you can be ready to launch your coin when it goes live.

NoobKidOnTheBlock

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Quote from: msin on December 18, 2014, 11:12:56 AM

Quote from: NoobKidOnTheBlock on December 18, 2014, 10:27:52 AM

Quote from: LiQio on December 18, 2014, 10:27:06 AM

Quote from: NoobKidOnTheBlock on December 18, 2014, 10:19:26 AM

So is this pretty much a way to make your own coins? or what is the deal with this?

Excactly, issue your own currency. Secured by the NXT network.

In depth info here: https://bitbucket.org/JeanLucPicard/nxt/issue/205/monetary-system-documenation

Thanks I have an amazing idea for a coin and had no idea how to make one so I will be on top of this one for sure

Cheers Mate Wink

Make sure you read the documentation on the different options for coin creation, it allows some very interesting scenarios.

Thanks Mate I will be for sure to do that

msin

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Activity: 1470

Merit: 1004

Quote from: NoobKidOnTheBlock on December 18, 2014, 10:27:52 AM

Quote from: LiQio on December 18, 2014, 10:27:06 AM

Quote from: NoobKidOnTheBlock on December 18, 2014, 10:19:26 AM

So is this pretty much a way to make your own coins? or what is the deal with this?

Excactly, issue your own currency. Secured by the NXT network.

In depth info here: https://bitbucket.org/JeanLucPicard/nxt/issue/205/monetary-system-documenation

Thanks I have an amazing idea for a coin and had no idea how to make one so I will be on top of this one for sure

Cheers Mate Wink

Make sure you read the documentation on the different options for coin creation, it allows some very interesting scenarios.

NoobKidOnTheBlock

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Activity: 784

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FLY DONATION ADDRESS IN SIGNATURE

Quote from: LiQio on December 18, 2014, 10:27:06 AM

Quote from: NoobKidOnTheBlock on December 18, 2014, 10:19:26 AM

So is this pretty much a way to make your own coins? or what is the deal with this?

Excactly, issue your own currency. Secured by the NXT network.

In depth info here: https://bitbucket.org/JeanLucPicard/nxt/issue/205/monetary-system-documenation

Thanks I have an amazing idea for a coin and had no idea how to make one so I will be on top of this one for sure

Cheers Mate Wink

LiQio

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Activity: 1181

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Quote from: NoobKidOnTheBlock on December 18, 2014, 10:19:26 AM

So is this pretty much a way to make your own coins? or what is the deal with this?

Excactly, issue your own currency. Secured by the NXT network.

In depth info here: https://bitbucket.org/JeanLucPicard/nxt/issue/205/monetary-system-documenation

NoobKidOnTheBlock

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FLY DONATION ADDRESS IN SIGNATURE

So is this pretty much a way to make your own coins? or what is the deal with this?

qqNxt

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Did someone say decentralized crowd funding platform?

You can say that again! Grin

ShroomsKit_Disgrace

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Yeah! I hate ShroomsKit!

This could be huge for cryptos.

Este Nuno

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amarha

Awesome stuff!

Looking forward to ORA on the MS too.

Daedelus

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@ChuckOne

Cool. I have a suggestion for a new property, someone was asking about it on Nxtforum. We have provision for those that want a POW coin but someone asked about POS+Inflation i.e. the supply is inflated at a set (or variable I suppose, like BTC) rate over time. I don't like inflation coins (I don't like POW either Grin

) but lots of other people do.

So, does MS currently cover the scenarios:

1a) "I want a POS coin that has 1min blocktime, each block issues new coins that give an annual percentage inflation of X%"

and

1b) "I want a POS coin that has 1min blocktime, each block issues new coins that give an annual percentage inflation of A% for the X years, then reducing A-B% for the next Y years." < option of variable or linear reductions rate would probably be good

I looked at the spec and I didn't think it did. Maybe a the first new property after initial release?

LiQio

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Quote from: martismartis on December 17, 2014, 02:45:38 PM

Just reposting from nxt forum:

GJ devs, open node here:

http://5.196.1.215:6876/index.html

If you want to play with it but don't have the time to setup one.

Cool, thanks!

(As a reminder, don't use your real password testers)

msin

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Activity: 1470

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Quote from: slothbag on December 17, 2014, 10:04:58 PM

Very interesting concept.. Nxt is still searching for its niche in the crypto world, with so many features its bound to find one soon!

That's a very good point. I think the success of Nxt AE has filled a void but I expect MS to really take off, it's an original BCNext idea.

slothbag

sr. member

Activity: 369

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Very interesting concept.. Nxt is still searching for its niche in the crypto world, with so many features its bound to find one soon!

freenxt.org

newbie

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This is going to be awesome. I am already preparring. Please dont release before 2015 so I can enjoy new years eve and family before all the squatting starts Cheesy

Kora

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Quote from: Juicemixer on December 17, 2014, 07:48:18 PM

Quote from: Kora on December 17, 2014, 06:05:07 PM

At the moment we're working on a proposal suggested by coinsolidation (bitmark dev) to let holders of dead & dying alt coin 'burn' their coins in exchange for ORA coins.

I have so many worthless coins to burn. If you pull this off I'll be all over this ORA coin.

Great attitude, music to my ears

Topic: Nxt Monetary System launched: Now on Nxt Testnet! - page 2. (Read 8486 times)