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Latest Nxt Client 1.11.10 - NEW RELEASE: Ardor 2.0.6e TestNet - The Ignis ICO is over!! Ardor genesis snapshots will happen in the last week of December

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Author Topic: I just want to say what a big deal 1.11.7 is.  (Read 990 times)

Brangdon

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(I just posted this on Reddit and I thought I'd say it again here.)

People had been complaining about the ICO, for good reason. They were also saying the devs didn't care; that they were happy if a few whales bought as long as they got their money. Those of us that have been involved in Nxt for a while knew better.

This update is important for two reasons. The first is that it levels the playing field. It effectively gives the bot advantage to everyone. Now whether you get to buy or not mainly depends on whether your transaction is lucky enough to reach the forging node before the offering is sold out. That mostly depends on your network connectivity. Whales don't get any particular advantage any more.

Perhaps more importantly, it also shows that the devs listen to the community, they care, and they work hard to fix problems. They have been doing this for more than the 4 years that Nxt has been a running crypto-currency. They will keep on doing it into the future. They believe in crypto-currencies as a force for good in the world and they are making it happen.

The potential here is huge. Nxt has taken a bit of a beating over the last year, partly because the devs have been working on their vision for Ardor and so Nxt itself has not had many updates in that time. All that behind-the-scenes work is about to come to fruition, with Ardor now on Testnet and going to be properly launched on Livenet by the end of the year. Ardor finally solves the scalability problems that cripple all other crypto-currencies.

The problems this ICO has had are problems of success. It is over-subscribed. Whales want in because they know the devs will deliver. They also want to put their money in because they know money is needed. Nxt raised some Bitcoin for development and marketing back when it started, all those years ago, and that money ran out. The community tried to raise money other ways, but really Nxt has been running on fumes for a while now. The success of this ICO means that phase is over.

The Ardor platform will finally have the financial backing it deserves. With that, and the unmatched technology, and some of the best devs in the business, Ardor/Ignis is poised for take-off.
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neofelis

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+1440

Well said.

forkedchain

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no kidding.  since 2013 people have complained about nxt distro, even though it was talked about @ bitcointalk.org for some time.  after this whale started with his cleverness, i really got concerned.
NXT tips: 2319251 or NXT-8SWM-2224-YKWW-22222

Gabriel

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I agree!
It shows one more time how solid and dedicated the dev team is. Never doubted it.

joelquest

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This story of this ICO has everything!   

- A respectable and distinguished coin being gathered up to be exchanged for it's successor
- Social media buzzing with news of the ICO.   Everyone is clamoring to get in on the first round.
- Countdown clock ticks.   No one knows if they've done everything right.  Cold sweat appears.
- BOOM. Whale takes it all.    Before it even started.
- Finger pointing and calamity ensues <fight scene>
- Lots of posturing. no really knows what it's like to be someone else
- BOOM. Whale takes it all. AGAIN.  Everyone goes crazy<3D fight scene>
- NXT price tanks.
- Smoke starts to clear.
- Some get some, but most get none.
- Ideas are discussed.   Knowledge is gained.  Bonds are formed.
- Devs burst through a wall an with amazing new version.  Now everyone can be the chosen one.
- Devs  and noobs rejoice.
- NXT Price rebounds gloriously
- Entire world hopefully takes notes.


Obviously, someone will have to contact Jonathan Frakes and get him on board.

sirpask

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I'm just going to say one word: congratulations.

dollabillz

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Total noob here. Yesterday i tried to get some IGNIS. I set to buy 10 minutes before sale. Did not managed to get any.

Any tips so I am ready for tonight sale ?

cromaclear

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yes, this comunity has the best developers...there is no doubt about it

Zephyr

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yes, this comunity has the best developers...there is no doubt about it

Not just developers. A lot of other hard working staff members out there too, I can name a couple off the top of my head; some of whom aren't even getting paid.

But yea; this ICO is nothing but a boon for us and Ardor in general

apenzl

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+1440

cromaclear

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yes, this comunity has the best developers...there is no doubt about it

Not just developers. A lot of other hard working staff members out there too, I can name a couple off the top of my head; some of whom aren't even getting paid.

But yea; this ICO is nothing but a boon for us and Ardor in general
yes, you are totally right.. people involved here are one of the best

zuqka

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+1440 :-*
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websioux

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Stressful situation, right answer, ASAP,
BRAVO

I just want to recall that NXT way of working was not the problem. it just works very basically.
The problem was created by marketing (arbitrary scarcity) combined to high demand (whale working hard to maximise return). Marketing often create new type of pressure. That's why it is hard, or almost impossible, to have a general solution that satisfy all cases. Unless it is very basic, and can be modulate. Which is what this tech always aimed be.
 
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QBTC

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Respect. +1440
NXT-5TGU-S6Y4-X2B3-3QWZQ

eu58

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Well said, Brangdon! 1440

Also my congratulations to everybody involved in NXT and Ardor design and development for the pioneering work and especially for the short-term remedy to maintain a smooth and satisfying ICO.  ;)

Keep on going... Don't be frustrated during bad times.

jaybny

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well it didnt work - where can we see a log of transactions?
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