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Author Topic: The Minority  (Read 3135 times)

Valtiel

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Re: The Minority
« Reply #20 on: August 24, 2014, 05:11:37 pm »

what i truly consider a problem right now is the lack of leasing pools. with more elasing pool little guys can start earning nxt with tiny investments creating new nodes and activating the nxt economy. the best way to get a better distribution is create a easier way to create pools. not taking big holders earnings.
The income from forging is so low, that I don't think leasing will help the little guys earn more NXT. I also don't think leasing is a very significant economic activity. It's important for securing the network, but it isn't really using the network.

At the moment I have a bee in my bonnet over fees. Lower fees will encourage economic activity from little guys. (They won't help leasing, though, as lower fees means lower revenue from forging.)
its not weird if forging is a main security need in the network we not encourage it? if we compare nxt witha countries is like turn police the worst payed employment. no one want it. we just need check countires with poor payed police to see their security status. and without security economy cant run and everything stop.
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Brangdon

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Re: The Minority
« Reply #21 on: August 24, 2014, 05:44:22 pm »

its not weird if forging is a main security need in the network we not encourage it?
There are other ways to encourage forging. We know the accounts of the successful forgers, so they can be rewarded out of community funds, for example.

Currently it's not a problem because the transaction volume is so low it is not onerous to forge, if you already have a computer connected 24/7. If Nxt gets used so much more that it does become onerous, that may be the time to consider raising the fees again. I think we need lower fees to get to that point.
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Valtiel

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Re: The Minority
« Reply #22 on: August 24, 2014, 05:50:13 pm »

well. forging feature already do it. its "pay" the sucefull forgers in a anonymous and decentralized way. but could be great if the network spread more prizes between the tiny guys creating a more dynamic leasing method.
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verdun2003

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Re: The Minority
« Reply #23 on: August 24, 2014, 11:44:00 pm »

As for distribution:
- 0.00% BTC adresses own 43% of all BTC's
- 0.31% btc accounts own 94,73% of ALL BTC's:
http://bitcoinrichlist.com/charts/bitcoin-distribution-by-address?atblock=300000

"Unfair" distribution is the same for many assets, would it be USD's, stock or real estate. A few will own the majority of the asset.

Therefore, it is not an issue of distribution, it is more an issue of usefulness (/demand). Now, is NXT useful? Today, very few people believe so as per the number of accounts createdn and volume of transactions, but based on all the features added, I believe that this number will increase exponentially.
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jl777

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Re: The Minority
« Reply #24 on: August 25, 2014, 12:00:04 am »

As for distribution:
- 0.00% BTC adresses own 43% of all BTC's
- 0.31% btc accounts own 94,73% of ALL BTC's:
http://bitcoinrichlist.com/charts/bitcoin-distribution-by-address?atblock=300000

"Unfair" distribution is the same for many assets, would it be USD's, stock or real estate. A few will own the majority of the asset.

Therefore, it is not an issue of distribution, it is more an issue of usefulness (/demand). Now, is NXT useful? Today, very few people believe so as per the number of accounts createdn and volume of transactions, but based on all the features added, I believe that this number will increase exponentially.
I didnt realize BTC was so unfair. Where can I submit my claim to get what is due to me. I think BTC whales should just give me some nice amount of BTC. What are they doing with it anyway? Lets make a great plan on how we can spend the BTC, it will be so much better than the underserving BTC whales. What did they do to deserve all that BTC?

James
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sadface

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Re: The Minority
« Reply #25 on: August 25, 2014, 08:59:18 am »

its weird how you guys purposely drive this discussion into the communism/envy corner. nobody wants to disown anybody.
the sole purpose has to be to grow the nxt community with whales participating voluntarily.

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jl777

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Re: The Minority
« Reply #26 on: August 25, 2014, 09:04:46 am »

its weird how you guys purposely drive this discussion into the communism/envy corner. nobody wants to disown anybody.
the sole purpose has to be to grow the nxt community with whales participating voluntarily.
I think each person should be able to decide for themselves what and how they participate. I wish I could just dictate to people to do a bunch of things, but that's not how it works. People will do what people do, rich or poor, whales or minnows.

Just because they have more NXT, however they got it, does not obligate them to do charity or be active or whatever. It is in their self-interest to increase the value of NXT. How exactly do you know what the whales are doing? Are you in contact with them?

you seem to want to force the whales to participate voluntarily. Dont you see the contradiction in that?

James
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sadface

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Re: The Minority
« Reply #27 on: August 25, 2014, 09:28:50 am »

i don't know where you're getting from that i want to force whales to do anything. i have no power over them.
whales are not obligated to do anything. i specifically wrote voluntarily.

i don't know what whales are doing. i actually asked if anybody knew. i made the assumption that at least a few are sitting on their nxt, based on this: http://charts.nxt.org/cDistributionTopAccount.aspx

each person should decide how they want to participate, proposing ideas can't be wrong tho.
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swartzfeger

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Re: The Minority
« Reply #28 on: August 25, 2014, 09:37:30 am »

its weird how you guys purposely drive this discussion into the communism/envy corner. nobody wants to disown anybody.
the sole purpose has to be to grow the nxt community with whales participating voluntarily.

Whether that's the intent or not, that's how these 'whales need to participate, so let's gently recommend' proposals are perceived.

BCNxt (and others since) have been hammering into our heads that we need to create **SERVICES**. A game, an app, an exchange, sports betting, pr0n, etc. Whales are more likely to sink their money into something tangible than a proposal to relieve them of their Nxt.

Services strengthen the Nxt platform.
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swartzfeger

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Re: The Minority
« Reply #29 on: August 25, 2014, 09:42:21 am »

how many can we reach to propose them investment opportunities or to get them to sell parts of their stake off exchange?

there should be an initiative to improve distribution.

That initiative is called 'services'. Not that you're implying this, but we don't need a marketing committee or group with an 'initiative' to target whales.

We need innovators launching great products. Innovators will attract both whales and minnows.
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