Poll result: NXT is a proper cryptocurrency

sadface

sr. member

Activity: 434

Merit: 250

Quote from: d5000 on April 28, 2016, 07:21:48 AM

Nxt 2.0 short description:

- There is a new main blockchain called fNXT, used only for forging and simple transactions (without involving assets). So this is meant to be a much smaller blockchain than actually.
- NXT and all MS Currencies will be child chains from fNXT.
- The child chains are pruneable, although every full node owner can opt to keep all transactions forever ("archival nodes").
- Assets will be global and it will be possible to trade them with each "child" currency, not only NXT. I think also asset-to-asset-trading was meant to be possible this way.

Advantages:
- Better scalability, because of the smaller disk space requirement for simple (not-archival) full nodes.
- important: MS currency transactions pay their fees in their own currency, not in NXT. That will make them much more usable than today.
- Asset trading to MS currencies and other assets (?)

Disadvantages:
- The fNXT chain needs a new auxiliary currency. The plan is to distribute it among NXT holders, but not asset holders. So asset holders are the main opposing group to the 2.0 plans because they won't get fNXT when NXT 2.0 is launched. There is still discussion about this issue.

i stopped following nxt closely, but last i checked ms currencies would stay on the nxt child chain and not become their own child chains. has that changed?
also assets can be global, but don't have to be global. issuers can decide afaik.

boomboom

hero member

Activity: 1068

Merit: 523

Quote from: BitcoinNational on April 30, 2016, 12:11:12 AM

"jl777 quit" ?

did that drama really go down and i missed it :/

jl777 didn't really 'quit', more he decided to move to another platform in an orderly fashion. As of this moment SN assets are all still on NXT, and the SN lite client & MGW are all still using NXT, but eventually afaik, the plan will be to find alternatives. The split between SN & NXT makes both stronger IMO

BitcoinNational

legendary

Activity: 1470

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Join The Blockchain Revolution In Logistics

"jl777 quit" ?

did that drama really go down and i missed it :/

boomboom

hero member

Activity: 1068

Merit: 523

Quote from: farl4web on April 29, 2016, 11:47:17 AM

Quote from: d5000 on April 28, 2016, 02:05:46 PM

Quote from: Netnox on April 28, 2016, 07:32:14 AM

I think many nxt holders going to switch to waves once that comes out.

That statement comes from a totally neutral forum user, who won't benefit from this scenario, as seen in your signature, right ? Grin

But I am curious what Waves brings as innovations to the crypto-currency community. If it's open source, solves a real problem and is not a scam, then it is welcome for me (and I could even invest in it).

I think it will take many months/years before Waves becomes technically similar to Nxt.

WAVES & NXT will end up being similar for asset exchange, but organizationally they are worlds apart. WAVES is basically a 'business', NXT isn't.

farl4web

legendary

Activity: 1205

Merit: 1000

Quote from: d5000 on April 28, 2016, 02:05:46 PM

Quote from: Netnox on April 28, 2016, 07:32:14 AM

I think many nxt holders going to switch to waves once that comes out.

That statement comes from a totally neutral forum user, who won't benefit from this scenario, as seen in your signature, right ? Grin

But I am curious what Waves brings as innovations to the crypto-currency community. If it's open source, solves a real problem and is not a scam, then it is welcome for me (and I could even invest in it).

I think it will take many months/years before Waves becomes technically similar to Nxt.

d5000

legendary

Activity: 3906

Merit: 6249

Decentralization Maximalist

Quote from: Netnox on April 28, 2016, 07:32:14 AM

I think many nxt holders going to switch to waves once that comes out.

That statement comes from a totally neutral forum user, who won't benefit from this scenario, as seen in your signature, right ? Grin

But I am curious what Waves brings as innovations to the crypto-currency community. If it's open source, solves a real problem and is not a scam, then it is welcome for me (and I could even invest in it).

Netnox

legendary

Activity: 2044

Merit: 1008

I think many nxt holders going to switch to waves once that comes out.

d5000

legendary

Activity: 3906

Merit: 6249

Decentralization Maximalist

Nxt 2.0 short description:

- There is a new main blockchain called fNXT, used only for forging and simple transactions (without involving assets). So this is meant to be a much smaller blockchain than actually.
- NXT and all MS Currencies will be child chains from fNXT.
- The child chains are pruneable, although every full node owner can opt to keep all transactions forever ("archival nodes").
- Assets will be global and it will be possible to trade them with each "child" currency, not only NXT. I think also asset-to-asset-trading was meant to be possible this way.

Advantages:
- Better scalability, because of the smaller disk space requirement for simple (not-archival) full nodes.
- important: MS currency transactions pay their fees in their own currency, not in NXT. That will make them much more usable than today.
- Asset trading to MS currencies and other assets (?)

Disadvantages:
- The fNXT chain needs a new auxiliary currency. The plan is to distribute it among NXT holders, but not asset holders. So asset holders are the main opposing group to the 2.0 plans because they won't get fNXT when NXT 2.0 is launched. There is still discussion about this issue.

LiQio

legendary

Activity: 1181

Merit: 1002

Quote from: iCEBREAKER on April 28, 2016, 06:19:56 AM

Quote from: LiQio on April 28, 2016, 12:33:02 AM

Quote from: iCEBREAKER on April 28, 2016, 12:26:46 AM

Quote from: LiQio on April 28, 2016, 12:15:57 AM

Quote from: iCEBREAKER on April 27, 2016, 11:06:45 PM

[...]
Nxt 2.0
[...]

Interesting. What is Nxt 2.0?

(Please use your own words Cheesy

)

Already did.

Nxt 2.0 is an over-engineered hot mess just like the original, except with less support.

That seems to be your conclusion.
I wanted to know, what are the properties/features of Nxt 2.0 that lead to this conclusion?

Please elaborate.

Less support = jl777 quit, the Lambo guy quit, price is way down, volume is way down, the market has moved on to modern things like ETH.

Okay, you seem to follow that project, but what is that Nxt 2.0 you are permanently referring to?

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: LiQio on April 28, 2016, 12:33:02 AM

Quote from: iCEBREAKER on April 28, 2016, 12:26:46 AM

Quote from: LiQio on April 28, 2016, 12:15:57 AM

Quote from: iCEBREAKER on April 27, 2016, 11:06:45 PM

[...]
Nxt 2.0
[...]

Interesting. What is Nxt 2.0?

(Please use your own words Cheesy

)

Already did.

Nxt 2.0 is an over-engineered hot mess just like the original, except with less support.

That seems to be your conclusion.
I wanted to know, what are the properties/features of Nxt 2.0 that lead to this conclusion?

Please elaborate.

Less support = jl777 quit, the Lambo guy quit, price is way down, volume is way down, the market has moved on to modern things like ETH.

d5000

legendary

Activity: 3906

Merit: 6249

Decentralization Maximalist

Quote from: BitUsher on April 19, 2016, 07:16:09 AM

My advice again ... Why not focus on merchant adoption of real goods and services instead doubling the tokens and increasing TPS for investing in asset scams and ponzi's?

Merchant adoption is _really_ an important thing and NXT hasn't been very active in this segment. Also there is low international presence. If you're outside the US / Europe you still must buy first Bitcoin until you can deal with NXT. I agree with you that NXT has limited the scope too much on the Asset Exchange.

My advices would be:
- NXT 2.0 seems a sound concept, I think it's good to continue in this direction. It solves the Monetary System problems and provides better scalability. So go on.
- But: Keep the API stable. That's really important for businesses. If there are new features, create new API messages.
- The less hard forks, the better.
- Direct marketing to merchants / eCommerce. NXT has already an integrated payment processor (the NXT Marketplace), so that should not be too difficult.
- Local adoption: A LocalNXT (modeled after LocalBitcoins) would be awesome. That's obviously something that the developers cannot do but must be carried out by other community members.

LiQio

legendary

Activity: 1181

Merit: 1002

Quote from: iCEBREAKER on April 28, 2016, 12:26:46 AM

Quote from: LiQio on April 28, 2016, 12:15:57 AM

Quote from: iCEBREAKER on April 27, 2016, 11:06:45 PM

[...]
Nxt 2.0
[...]

Interesting. What is Nxt 2.0?

(Please use your own words Cheesy

)

Already did.

Nxt 2.0 is an over-engineered hot mess just like the original, except with less support.

That seems to be your conclusion.
I wanted to know, what are the properties/features of Nxt 2.0 that lead to this conclusion?

Please elaborate.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: LiQio on April 28, 2016, 12:15:57 AM

Quote from: iCEBREAKER on April 27, 2016, 11:06:45 PM

[...]
Nxt 2.0
[...]

Interesting. What is Nxt 2.0?

(Please use your own words Cheesy

)

Already did.

Nxt 2.0 is an over-engineered hot mess just like the original, except with less support.

LiQio

legendary

Activity: 1181

Merit: 1002

Quote from: iCEBREAKER on April 27, 2016, 11:06:45 PM

[...]
Nxt 2.0
[...]

Interesting. What is Nxt 2.0?

(Please use your own words Cheesy

)

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: farl4web on April 19, 2016, 03:19:45 AM

Marc was very disappointed Nxt didn't gain the value he expected. We all did at Nxt, but the one Nxt really has is one of the best working code of a real decentralized crypto platform. Nxt 2.0 will be very competitive and will solve the scalability problem all crypto's are dealing with. Forging (mining in Nxt) will become more profitable in 2.0, because forging will be done to multiple blockchains (and Nxt is only one them). Interesting times!

Nxt 2.0 isn't any less of an over-engineered hot mess than 1.0 was.

2.0 won't even have the same amount of support as the original, now that ETH and two dozen other smart contract platforms are coming Soon.

Bloat is out, elegance is in.

Doing one thing well is in, chasing multiple unicorns is out.

NXT --> Supernet --> BitcoinDark --> jl777hodl

(scams all the way down)

BitUsher

legendary

Activity: 994

Merit: 1035

Quote from: farl4web on April 19, 2016, 03:19:45 AM

Marc was very disappointed Nxt didn't gain the value he expected. We all did at Nxt, but the one Nxt really has is one of the best working code of a real decentralized crypto platform. Nxt 2.0 will be very competitive and will solve the scalability problem all crypto's are dealing with. Forging (mining in Nxt) will become more profitable in 2.0, because forging will be done to multiple blockchains (and Nxt is only one them). Interesting times!

No one came blame Marc as NxT had 0 % inflation. It should be trivial to gain in value. The only possible reason Nxt could be dropping in value is early investors are dumping their bags upon unsuspecting new adopters.

https://bitcointalksearch.org/topic/jean-luc-destroying-nxt-or-saving-it-with-nxt-20-1375670
https://nxtforum.org/core-development-discussion/nxt-2-0-design/

Nxt 2.0 looks exactly like a bitshares disaster.

My advice again ... Why not focus on merchant adoption of real goods and services instead doubling the tokens and increasing TPS for investing in asset scams and ponzi's?

farl4web

legendary

Activity: 1205

Merit: 1000

Marc was very disappointed Nxt didn't gain the value he expected. We all did at Nxt, but the one Nxt really has is one of the best working code of a real decentralized crypto platform. Nxt 2.0 will be very competitive and will solve the scalability problem all crypto's are dealing with. Forging (mining in Nxt) will become more profitable in 2.0, because forging will be done to multiple blockchains (and Nxt is only one them). Interesting times!

hiddensphinx

legendary

Activity: 1457

Merit: 1001

Quote from: Come-from-Beyond on October 29, 2015, 07:25:05 AM

Quote from: achimsmile on October 29, 2015, 07:20:13 AM

True, but the asperger in me couldn't resist Grin

Makes sense, in 5 years I'll buy a lambo for half of that amount.

speaking of Lambo in this video you will see a guy in a Lambo explaining why he lost his faith in NXT. http://youtu.be/qFRcadXJa-4

kiklo

legendary

Activity: 1092

Merit: 1000

Quote from: BitUsher on April 18, 2016, 07:57:16 PM

Even Hard core NXT supporters with large amounts of NXt are deserting

https://www.youtube.com/watch?v=H-2sxs2VYH4

I warned the community of a slow capitulation and price and market cap share a year ago when it was ranked 8th in market cap , now it has slid to 18th. I expect if to keep sliding which is really bad for a coin with 0% inflation.

Rats deserting the ship from the appearance of it.

BitUsher

legendary

Activity: 994

Merit: 1035

Even Hard core NXT supporters with large amounts of NXt are deserting

https://www.youtube.com/watch?v=H-2sxs2VYH4

I warned the community of a slow capitulation and price and market cap share a year ago when it was ranked 8th in market cap , now it has slid to 18th. I expect if to keep sliding which is really bad for a coin with 0% inflation.

Topic: Poll result: NXT is a proper cryptocurrency (Read 24859 times)