Topic: Announcing Nxt 2.0 Roadmap (Read 60952 times)

durerus · « **Reply #60 on:** May 26, 2016, 04:46:12 pm »

It is not corruption, but a great solution. Nobody gets expropriated, because 1.x will still be supported, and they get funding. You have no right to profit from devs work on 2.0 just because you own NXT 1.x tokens. So it is nice of them to give us 100% of forging and 50% of transactional token.

lurker10 · « **Reply #61 on:** May 26, 2016, 05:07:27 pm »

Quote from: durerus on May 26, 2016, 04:46:12 pm

It is not corruption, but a great solution. Nobody gets expropriated, because 1.x will still be supported, and they get funding. You have no right to profit from devs work on 2.0 just because you own NXT 1.x tokens. So it is nice of them to give us 100% of forging and 50% of transactional token.

Agree, it's a very clever solution.

farl4bit · « **Reply #62 on:** May 26, 2016, 09:11:57 pm »

Quote from: durerus on May 26, 2016, 04:46:12 pm

It is not corruption, but a great solution. Nobody gets expropriated, because 1.x will still be supported, and they get funding. You have no right to profit from devs work on 2.0 just because you own NXT 1.x tokens. So it is nice of them to give us 100% of forging and 50% of transactional token.

Genius, win win.

lsteele2016 · « **Reply #63 on:** May 27, 2016, 05:04:33 am »

Quote from: durerus on May 26, 2016, 04:46:12 pm

It is not corruption, but a great solution. Nobody gets expropriated, because 1.x will still be supported, and they get funding. You have no right to profit from devs work on 2.0 just because you own NXT 1.x tokens. So it is nice of them to give us 100% of forging and 50% of transactional token.

Probably shouldn't say anything but ... I hope you appreciate how weird that sounds to someone just coming into nxt and kicking the tires. I damn well do expect to have a 'right to profit' from the dev work on 2.0 'just because' i'm allocating real money to buying nxt 1.0.

durerus · « **Reply #64 on:** May 27, 2016, 05:47:51 am »

Now you have that right, because they promised to grant it to 1.x hodlers. But they weren't obliged to grant it.

RocketBunny · « **Reply #65 on:** May 27, 2016, 10:05:44 am »

Quote

Assets
Existing Nxt 1.0 Assets or Asset Transaction History will NOT be ported directly to the FNX Child Chain.
Since the Nxt 1.0 blockchain will continue to exist, the Core Team believes it is better to leave the choice of when and how to move to Nxt 2.0 in the hands of the Asset Issuers themselves.
This is probably best done by burning existing Assets, requiring them to be sent to the issuer account in order to issue new Nxt 2.0 Assets in exchange. Or it could be done by each asset issuer declaring a height at which they will take a snapshot of 1.0 asset balances, and then re-distributing those on 2.0.
Assets will be universal on Nxt 2.0, which means that for any Asset, regardless on which Child Chain it was originally issued, any Child Chain that will allow its trade will be able to trade it.

FAIL!
FAIL!
FAIL!

websioux · « **Reply #66 on:** May 27, 2016, 11:10:46 am »

I'm always thinking to newcomers because it is only about them, 100 or 1000 people now using Nxt is absolutely nothing. Only new comers can make Nxt something meaningfull. New comers can never accept a currency where half of it has been monopolized by 4 "hackers". A supposedly fixed supplied currency, half of it ! For them, this will just be a joke ! So I maintain that this is corruption of mentality that seriously endanger what has been doing on here from the start.

Some Reminders :
https://nxtportal.org/polls/7164171584167869009
https://nxtportal.org/polls/12977696074128150035

Be aware of what people like me will think.

Hopefully, the ingenuousity of the plan is that it let us room to recover.

It is up to us to bring back a clean set up by requesting another childchain to co-exists. But we have to re-group and ask. It is written everywhere that some mysterious secret businesses (no one except those who came up with the plan knows who they are and how serious there are) with absolutely no capacity to fund anything from scratch have been requesting this possibility.. why ? because they didn't want to buy some Nxt...

so I'm naïve enough to believe that early supporters with real Nxt funds can request the existence of a CLEAN childchain. Then, market forces will decide what this 50% will represent as a funding medium. Because otherwise, I will bet all I can, that the story will be very hard to digest for newcomers, and it is not difficult to know what the consequence of it will be.

Value of money is all about trust.

Jean-Luc · « **Reply #67 on:** May 28, 2016, 07:13:26 am »

Need to correct a few misunderstandings in this thread, and make some legal disclaimers.

The FXT token being issued on the 1.9 blockchain after the snapshot should not be called or considered an asset. It is not an investment, is not a share in a company, will never pay dividends (in fact the account used to issue it will be locked shortly after issuance), and ownership of this token does not carry any voting rights. All it gives you is the right to receive the corresponding number of FXT coins once Nxt 2.0 goes live.

While the opinion of FXT holders will always be considered, holding FXT does not carry any formal right to control the development process. Technical decisions will never be done by voting, as software engineering is not a democracy. The developers do not make any promises regarding the future value of FXT, or FNX. They are under no formal obligation to work towards increasing their value. Holding any of those tokens does not give you the right to profit from the developers work, as again, this is not an investment and you are not holding a share in a company.

The statement that the developers will reserve 50% of FNX for funding certainly does not mean that they will hold 50% of the FNX coins after the 2.0 launch. The exact amount of FNX to really retain as FNX will be decided later, the rest of those 50% will most likely be sold in an ICO manner (and not for NXT) just before the 2.0 launch, under conditions again to be decided later.

bitdraw · « **Reply #68 on:** June 07, 2016, 07:03:22 pm »

as i understand it you get tokens corresponding to the nxt you hold at snapshot date.

so if i own e.g. assets worth 1000 nxt on the asset exchange i wouldnt get any tokens for it?

apenzl · « **Reply #69 on:** June 07, 2016, 08:27:13 pm »

Quote from: bitdraw on June 07, 2016, 07:03:22 pm

as i understand it you get tokens corresponding to the nxt you hold at snapshot date.

so if i own e.g. assets worth 1000 nxt on the asset exchange i wouldnt get any tokens for it?

Yes, but there will be more than one snapshot. There will be a snapshot period of about 3 months.

http://nxter.org/the-nxt-2-0-token-distribution/

NXT's which have been exchanged for goods or assets or have been sold @ exchanges will not get you any tokens, no.

bitdraw · « **Reply #70 on:** June 08, 2016, 08:19:27 pm »

Quote from: apenzl on June 07, 2016, 08:27:13 pm

Quote from: bitdraw on June 07, 2016, 07:03:22 pm
as i understand it you get tokens corresponding to the nxt you hold at snapshot date.

so if i own e.g. assets worth 1000 nxt on the asset exchange i wouldnt get any tokens for it?

Yes, but there will be more than one snapshot. There will be a snapshot period of about 3 months.

http://nxter.org/the-nxt-2-0-token-distribution/

NXT's which have been exchanged for goods or assets or have been sold @ exchanges will not get you any tokens, no.

thanks for your confirmation. this could possibly add some selling pressure on assets..

kingbtcvl · « **Reply #71 on:** June 19, 2016, 08:54:22 pm »

it sounds like this is gonna be awesome. you guys have some amazing ideas and i really like that you try to consider all the feedback that came from nxt 1.0.

however after reading this thread and the other one i still have a few questions that i hope somebody can answer me:

whats the sense of the fxt snapshot phase? why dont you just give out the fxt on a set date according to nxt that are held in any account?
and how will the distrubiton of the fxt tokens after that phase work? for example lets assume i will buy 3000 nxt on 1/8/2016 create a new nxt account and put the coins there and i wont touch them until 30/9/2016. then i will get 2000 fxt since i had 3000 nxt on an account for two of the three months of the snapshot pahse? is that correct?

what will happen to nxt wallets that belong to the exchanges, especially to poloniex and btc38? have you talked to the guys? i mean there will for sure be a lot of nxt on their wallets during the three months of the snapshot phase and so they will get a lot of fxt for free?! can they keep them for their own or will they have to give them to the users that technically own the nxt?

did i understand that correctly that fxt will be used for forging the main blockchain and fnx will be kind of the token of a default child chain, which can be used for sending messages, creating aliases, trading at the assert exchange and anything else that has nothing to with forging?

forkedchain · « **Reply #72 on:** June 23, 2016, 03:06:33 pm »

Quote from: websioux on May 27, 2016, 11:10:46 am

I'm always thinking to newcomers because it is only about them, 100 or 1000 people now using Nxt is absolutely nothing. Only new comers can make Nxt something meaningfull. New comers can never accept a currency where half of it has been monopolized by 4 "hackers". A supposedly fixed supplied currency, half of it ! For them, this will just be a joke ! So I maintain that this is corruption of mentality that seriously endanger what has been doing on here from the start.

Some Reminders :
https://nxtportal.org/polls/7164171584167869009
https://nxtportal.org/polls/12977696074128150035

Be aware of what people like me will think.

Hopefully, the ingenuousity of the plan is that it let us room to recover.

It is up to us to bring back a clean set up by requesting another childchain to co-exists. But we have to re-group and ask. It is written everywhere that some mysterious secret businesses (no one except those who came up with the plan knows who they are and how serious there are) with absolutely no capacity to fund anything from scratch have been requesting this possibility.. why ? because they didn't want to buy some Nxt... so I'm naïve enough to believe that early supporters with real Nxt funds can request the existence of a CLEAN childchain. Then, market forces will decide what this 50% will represent as a funding medium. Because otherwise, I will bet all I can, that the story will be very hard to digest for newcomers, and it is not difficult to know what the consequence of it will be.

Value of money is all about trust.

i have a big concern here as well. recall the initial NXT distro with only 71 or so members and the disdain of the cryptocurrency community, especially when they realized they all missed out on a goldmine, as did I, by only 1 day

in fact.

i think the 2.0 chain will have much better distro, but the concern will be a "50% premine" of the child chain.

not to mention, IMO we most likely will effectively be killing NXT1.0 - while NXT1.0 will be "supported" for 1 year, this probably only includes bugfixes, wont include real/feature development

then there is the conspiracy side of me saying its a big plan to bust NXT out of the "initial 71" disdain by a reboot of sorts, with distro based on current NXT distro. but im rambling now

it appears that one of the goals of 2.0 is to abstract forging and transactions, but what is the incentive to forge on the main chain? and/or what is to prevent people from using the main chain (forging) tokens in a transactional manner, just ignoring your first child chain?

nagatraju · « **Reply #73 on:** June 24, 2016, 04:15:20 am »

Can we trade Assets at NXT 1.0 on NXT 2.0 as usual?

qq2536007339 · « **Reply #74 on:** June 24, 2016, 06:06:05 am »

Quote from: nagatraju on June 24, 2016, 04:15:20 am

Can we trade Assets at NXT 1.0 on NXT 2.0 as usual?

I think NXT1.0 asset can only trade on NXT1.0 unless you issue a new asset on NXT2.0,and NXT 2.0 assets can only trade on NXT2.0 unless you issue a new asset on NXT1.0.

cayenne · « **Reply #75 on:** June 24, 2016, 03:37:05 pm »

When the snapshot ends, what exactly do our accounts receive? A new coin called Ardor or FNX or just an NXT 2.0 asset? Can we immediately trade this, or do we have to wait for NXT 2.0 to launch in 2017?

lurker10 · « **Reply #76 on:** June 24, 2016, 03:56:50 pm »

Quote from: cayenne on June 24, 2016, 03:37:05 pm

When the snapshot ends, what exactly do our accounts receive? A new coin called Ardor or FNX or just an NXT 2.0 asset? Can we immediately trade this, or do we have to wait for NXT 2.0 to launch in 2017?

Snapshots run July 14th - October 12th.
On October 12th we receive asset ARDR, can immediately trade it.

diege · « **Reply #77 on:** June 25, 2016, 07:55:37 am »

Hello.Sub chain currency fnx is based on what distribution, is based on the results of the snapshot distribution

diege · « **Reply #78 on:** June 25, 2016, 08:14:34 am »

Quote from: Damelon on May 23, 2016, 08:04:04 pm

Quote from: Brangdon on May 23, 2016, 07:56:26 pm
Quote from: blackyblack1 on May 23, 2016, 07:17:20 pm
Quote
Current Account Control Setting will NOT be ported to the new FNX Child Chain.
Do I understand it right that multisig accounts are no longer multisig on the FNX chain?
It also sounds like multi-sig accounts won't be possible at all on the FXT chain.

Phasing will be possible on the child chains.
Whether it's possible on the FXT chain remains to be seen. (This is how I understood it)
Perhaps Jean Luc can lean in on this.

FNX (Transaction Tokens for the FNX Child Chain)
The distribution of the FNX Token will be based on each account’s NXT holdings at the time of the Nxt 2.0 Genesis block creation.

Above the meaning is in January 1, 2017 nxt2.0 creation block release, according to the time held in exchange for NXT sub chain currency fnx it?

Nextshares · « **Reply #79 on:** June 25, 2016, 08:20:11 am »

Quote from: diege on June 25, 2016, 08:14:34 am

Quote from: Damelon on May 23, 2016, 08:04:04 pm
Quote from: Brangdon on May 23, 2016, 07:56:26 pm
Quote from: blackyblack1 on May 23, 2016, 07:17:20 pm
Quote
Current Account Control Setting will NOT be ported to the new FNX Child Chain.
Do I understand it right that multisig accounts are no longer multisig on the FNX chain?
It also sounds like multi-sig accounts won't be possible at all on the FXT chain.

Phasing will be possible on the child chains.
Whether it's possible on the FXT chain remains to be seen. (This is how I understood it)
Perhaps Jean Luc can lean in on this.

FNX (Transaction Tokens for the FNX Child Chain)
The distribution of the FNX Token will be based on each account’s NXT holdings at the time of the Nxt 2.0 Genesis block creation.

Right.

Above the meaning is in January 1, 2017 nxt2.0 creation block release, according to the time held in exchange for NXT sub chain currency fnx it?

Q3 2017 around September 1st 2017, and distribute FNX according your wallet NXT balance.

News:

Author Topic: Announcing Nxt 2.0 Roadmap (Read 60952 times)