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Author Topic: Price speculation  (Read 4272974 times)

rtrtcrypto

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Re: Price speculation
« Reply #25420 on: November 08, 2015, 08:10:32 pm »

On this nuclear option? All of them.

Awaiting on JAMES before I make my own call regarding my position in NXT.


this project is DONE.

Which project? ;)
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EvilDave

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Re: Price speculation
« Reply #25421 on: November 08, 2015, 08:11:29 pm »

And a 5 million dump won't kill NXT, neither will SuperNET leaving.
It will put both projects back a long way, though.

NXT has already lost 8.5% today, and SuperNET 17.5%.
Unless we sort this situation out quickly, no-one will be getting Xmas presents.
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Sabertooth

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Re: Price speculation
« Reply #25422 on: November 08, 2015, 08:16:11 pm »

So is this how the people who financially supported this project from the beginning gets treated, rage dumping of NXT?
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2Kool4Skewl

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Re: Price speculation
« Reply #25423 on: November 08, 2015, 08:16:50 pm »

And a 5 million dump won't kill NXT, neither will SuperNET leaving.
It will put both projects back a long way, though.

NXT has already lost 8.5% today, and SuperNET 17.5%.
Unless we sort this situation out quickly, no-one will be getting Xmas presents.

But... but... but... MY LAMBO!!!!
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starik69

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Re: Price speculation
« Reply #25424 on: November 08, 2015, 08:19:08 pm »

(and it's not 15 million, it's 5 (five) million NXT, Starik made a typo)
No typo. 15M NXT - for 500 BTC only from SuperNET, not counting SuperHODL! 8)
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lurker10

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Re: Price speculation
« Reply #25425 on: November 08, 2015, 08:19:20 pm »

On this nuclear option? All of them.

Awaiting on JAMES before I make my own call regarding my position in NXT.


this project is DONE.

Which project? ;)

NXT will survive, if only by its development far ahead of anything else in the crypto land.
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farl4bit

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Re: Price speculation
« Reply #25426 on: November 08, 2015, 08:24:12 pm »

I don't have any worries about this dump. Nxt has experienced more shit in the past (as almost all crypto's) and we are still here. Just relax and eat your candy!  :)
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chanc3r

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Re: Price speculation
« Reply #25427 on: November 08, 2015, 08:24:33 pm »

To put this into context the value of LIQUID redeemed and processed into LQD in the last 24h is 6.2M NXT and thats just one asset.

So someone is selling 5M NXT - they have a reason for it, it might be they want to buy something else, it might be they don't like NXT, it can't be that they want to *hurt* NXT because I doubt 5M will do any serious long term damage.

What is not helpful is jumping to conclusions and throwing about accusations - what will damage NXT is if people looking at it through this forum see a lot of FUD and panic.
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rtrtcrypto

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Re: Price speculation
« Reply #25428 on: November 08, 2015, 08:26:52 pm »

If James dumps the entire project, you can bet that 15 million NXT is the least of our concerns.

For one, because I have 7 figure NXT to dump also, and so do many others - loss of confidence on this scale will lead to a massive run. (No, I won't be dumping)

Honestly, this is the first time that I have felt (in 2 years+) that the NXT project is dysfunctional - BTER hack/etc, none of that made me worried for the CORE of the project. This is a nuclear bomb from INSIDE.

I'm disappointed that API changes that would alter the course of the largest project on this platform were so carelessly deployed (regardless of mandatory update requirements or not).

Now I have to go read 50+ pgs on this drama. Brb.





(and it's not 15 million, it's 5 (five) million NXT, Starik made a typo)
No typo. 15M NXT - for 500 BTC only from SuperNET, not counting SuperHODL! 8)
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bcdev

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Re: Price speculation
« Reply #25429 on: November 08, 2015, 08:32:06 pm »

(and it's not 15 million, it's 5 (five) million NXT, Starik made a typo)
It's 20 million NXT, all the way up to 5kNXT/BTC.



http://nxtreporting.com/?ac=NXT-USU4-92UY-KEYT-4H649 - SuperHODL
http://nxtreporting.com/?ac=NXT-MRBN-8DFH-PFMK-A4DBM - SuperNET - "Official SuperNET account"

I wonder if it's just to scare, or is he really dumping that money.
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starik69

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Re: Price speculation
« Reply #25430 on: November 08, 2015, 08:33:06 pm »

So someone is selling 5M NXT
Again - not 5, but 5 + 15 ;D
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lurker10

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Re: Price speculation
« Reply #25431 on: November 08, 2015, 08:40:52 pm »

If James dumps the entire project

The only valid reason is he can't deliver, not because of the small API call changes which can be searched and replaced in a very short time by a novice programmer. Read the entire slack transcript from EvilDave, JeanLuc explains the real API changes are too tiny to stir up so much trouble. All I'm seeing is a convenient excuse to jump ship. But you're welcome to stay in denial.
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EvilDave

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Re: Price speculation
« Reply #25432 on: November 08, 2015, 08:41:16 pm »

Maybe the 5/15 confusion is between how much went to market yesterday, and how much SuperNET holds in total.
EDIT: ooops. I stand corrected. Fuck.

Nxt will survive this, we have a lot more than just SuperNET.

And , if you've read the thread by now, you should see the chain of little mistakes that lead to this situation. If any one of them had been picked up on, we wouldn't be having this conversation. There was no massive carelessness, malice or stupidity...just a couple of small errors and a communication break. That was it, but the consequences are far-reaching.

The core devs and Tennessee boys have already worked out a simple change management system that will prevent this from happening again, so that will be implemented no matter what happens with SuperNET.
« Last Edit: November 08, 2015, 08:43:41 pm by EvilDave »
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LiQio

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Re: Price speculation
« Reply #25433 on: November 08, 2015, 08:44:00 pm »

Wow, seems like I have a lot of catching up in front of me...

Just two quick questions:
A) Was the API changed from version 1.6.1e to 1.6.2?
B) Is it correct that reversing my public node (with open API) to version 1.5.15 would hardly harm anyone but might help several projects?

(I apologize because I'm sure this was answered already, but I'm not such a fast reader)

Edit: Downgraded my node with open API to 1.5.15 for the time being.
« Last Edit: November 09, 2015, 08:11:04 am by LiQio »
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chanc3r

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Re: Price speculation
« Reply #25434 on: November 08, 2015, 08:49:53 pm »

If James dumps the entire project

The only valid reason is he can't deliver, not because of the small API call changes which can be searched and replaced in a very short time by a novice programmer. Read the entire slack transcript from EvilDave, JeanLuc explains the real API changes are too tiny to stir up so much trouble. All I'm seeing is a convenient excuse to jump ship. But you're welcome to stay in denial.

People are defined by experiences, as I understand it (this is third hand) James has been here before with another crypto and had all his work effectively ripped out from under him, costing him a lot, so  I can understand sensitivity to this from him and how his trust in NXT is damaged.

I think we have all become de-sensitised to the risk of NXT releases as many have gone so smoothly, this event needs to wake everyone up to being more diligent inspecting what the dev's tell us will happen and understanding what that will mean and if we think something bad will happen feed it back while there is time to change.

This mess is, as EvilDave has said, a result of small errors which have magnified into some serious unintended consequences and while a lot of people are trying to repair this, the speculation really doesn't help.
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Sabertooth

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Re: Price speculation
« Reply #25435 on: November 08, 2015, 09:03:09 pm »

If James dumps the entire project

The only valid reason is he can't deliver, not because of the small API call changes which can be searched and replaced in a very short time by a novice programmer. Read the entire slack transcript from EvilDave, JeanLuc explains the real API changes are too tiny to stir up so much trouble. All I'm seeing is a convenient excuse to jump ship. But you're welcome to stay in denial.

People are defined by experiences, as I understand it (this is third hand) James has been here before with another crypto and had all his work effectively ripped out from under him, costing him a lot, so  I can understand sensitivity to this from him and how his trust in NXT is damaged.

I think we have all become de-sensitised to the risk of NXT releases as many have gone so smoothly, this event needs to wake everyone up to being more diligent inspecting what the dev's tell us will happen and understanding what that will mean and if we think something bad will happen feed it back while there is time to change.

This mess is, as EvilDave has said, a result of small errors which have magnified into some serious unintended consequences and while a lot of people are trying to repair this, the speculation really doesn't help.

So it's ok for him to pull the rug out on all of his investors then?
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EvilDave

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Re: Price speculation
« Reply #25436 on: November 08, 2015, 09:18:24 pm »

Er, no, it's not. Chanc3r isn't suggesting that, just showing us why james is acting the way he is.
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rtrtcrypto

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Re: Price speculation
« Reply #25437 on: November 08, 2015, 09:20:52 pm »

Will hold.

Good luck to us. 55 pgs read.
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EvilDave

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Re: Price speculation
« Reply #25438 on: November 08, 2015, 09:25:06 pm »

If I get out of this alive, I might write a book. Got enough material..... ;D
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chanc3r

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Re: Price speculation
« Reply #25439 on: November 08, 2015, 09:26:38 pm »

Er, no, it's not. Chanc3r isn't suggesting that, just showing us why james is acting the way he is.

+1 yes... BUT I was not referring to the NXT sale - that is SuperNET funds not James personal fund....

Whatever the SuperNET team are doing they still need to act in the best interests of their investors, respond to their questions regarding what they do.

They do not have to protect NXT, protecting SuperNET is their first concern and I would not argue differently.

So if by investment you mean you are a SuperNET investor and are worried and want to know what SuperNET is doing to ensure your investment is safe given the issues with NXT then you need to ask this in the relevant SuperNET channels - this is likely SuperNET slack or forum - not here.
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