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Nxtty Altcoin Composite Index (NxttyACCI) singapore
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Author Topic: Nxtty Altcoin Composite Index (NxttyACCI)  (Read 46925 times)

youandmeletsgo

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #20 on: January 18, 2016, 02:07:39 am »

Will you also be providing a guide on how nxttycoin holders will be getting NxtyACCI? i got some in my nxtty mobile app and some on an exchange too.
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Jetboy

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #21 on: January 18, 2016, 06:45:49 am »

Landomat, is ACCI generally a betting mechanism?

Unless you hold the coins in the index on publicly known and verified accounts, it's just playing dice to be honest. That's not a problem in itself but, you need to clarify that properly.

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blackyblack1

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #22 on: January 18, 2016, 07:10:28 am »

Landomat, is ACCI generally a betting mechanism?

Unless you hold the coins in the index on publicly known and verified accounts, it's just playing dice to be honest. That's not a problem in itself but, you need to clarify that properly.
There is another important question. What makes this coin track the index of 20 cryptocurrencies? Why does not it track the weather on Mars or a price of Brent barrel?
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landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #23 on: January 18, 2016, 09:11:56 pm »

Will you also be providing a guide on how nxttycoin holders will be getting NxtyACCI? i got some in my nxtty mobile app and some on an exchange too.
Yes....please note that NxttyACCI will not be sent to exchanges the Nxtty must be in your own account.

landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #24 on: January 18, 2016, 09:22:00 pm »

Landomat, is ACCI generally a betting mechanism?

Unless you hold the coins in the index on publicly known and verified accounts, it's just playing dice to be honest. That's not a problem in itself but, you need to clarify that properly.

1) NxttyACCI is a pure index similar to the S&P 500:

https://en.wikipedia.org/wiki/S%26P_500_Index


2) NxttyACCI is NOT an Index fund, Exchange traded fund or Mutual fund:

https://en.wikipedia.org/wiki/Index_fund


3) NxttyACCI is a pure index that has the ability to be traded because it exist entirely on a 2nd generation blockchain....a traditional index such as the S&P 500 could not have this ability.


4) All NxttyACCI are at all times public and verifiable due to it's existence on the blockchain.


5) Being on the Nxt blockchain removes all counterparty risk and the need for any centralized exchange.


6) There is a betting mechanism involved in all markets but this mechanism is called speculation.




« Last Edit: January 18, 2016, 09:30:44 pm by landomata »
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youandmeletsgo

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #25 on: January 19, 2016, 02:51:10 am »

Will you also be providing a guide on how nxttycoin holders will be getting NxtyACCI? i got some in my nxtty mobile app and some on an exchange too.
Yes....please note that NxttyACCI will not be sent to exchanges the Nxtty must be in your own account.

in my own account...where??
NXT Monetary System? i tried it but don't see nxttycoin anywhere when i search for it.
SAE? But SAE will no longer be available as of January 21st, 2016. So do i leave my nxttycoins in there?
myNXT? i have to install this assets plugin first right? so that i can transfer.

Also, for the NXT Monetary System, how much is the fee in NXT do i need to update account info?
« Last Edit: January 19, 2016, 10:26:24 am by youandmeletsgo »
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NXT ENTERPRISE

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #26 on: January 19, 2016, 11:56:10 am »

Is this index evenly weighted?

Or has it a higher weighing of the upper coins etc.

Maybe a voting could be applied to more heavily hold some coins.

If the alts are going to boom if btc dies or boom if btc booms, then is there an advantage in holding Nxtty over holding NXT.

So it gains only if the average of the top ten out perform nxt.

That is why i would like to see it hold a little more weight in the chosen top four alts with diverse or interesting strategies or ideas..

eg less holding of btc and Lightcoin even though they are higher up their percent of gain maybe less.

NICE CONCEPT THOUGH AND I MAY GRAB SOME.



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Kevinrasf

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #27 on: January 19, 2016, 12:38:36 pm »

The ACCI hasnt been provided yet to Nxttycoin holders right?

because if so I think something went wrong since I didnt receive any.
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MrCluster87

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #28 on: January 19, 2016, 02:06:47 pm »

Will you also be providing a guide on how nxttycoin holders will be getting NxtyACCI? i got some in my nxtty mobile app and some on an exchange too.
Yes....please note that NxttyACCI will not be sent to exchanges the Nxtty must be in your own account.

in my own account...where??
NXT Monetary System? i tried it but don't see nxttycoin anywhere when i search for it.
SAE? But SAE will no longer be available as of January 21st, 2016. So do i leave my nxttycoins in there?
myNXT? i have to install this assets plugin first right? so that i can transfer.

Also, for the NXT Monetary System, how much is the fee in NXT do i need to update account info?

Hey!! if you have nxtty coin on your mobile app, here is how you could access them from Nxt platform on your desktop: https://www.youtube.com/watch?v=U7MEnWQlmBM
« Last Edit: January 19, 2016, 02:58:02 pm by MrCluster87 »
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landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #29 on: January 19, 2016, 07:30:35 pm »

Update


NxttyACCI distribution to Nxttycoin holders has begun today and will run for the next two weeks, if you wish to receive your NxttyACCI stake please move your Nxttycoin to your main account from Bter exchange wallet.


Thank you



landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #30 on: January 19, 2016, 07:40:30 pm »


There is another important question. What makes this coin track the index of 20 cryptocurrencies? Why does not it track the weather on Mars or a price of Brent barrel?

Because we saw a need for a clear cut and simple index...which will provide benefit in numerous ways to the general crypto community.  NxttyACCI is a tool and we look forward to providing more useful tools for the blockchain economy. 

blackyblack1

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #31 on: January 19, 2016, 08:55:42 pm »


There is another important question. What makes this coin track the index of 20 cryptocurrencies? Why does not it track the weather on Mars or a price of Brent barrel?

Because we saw a need for a clear cut and simple index...which will provide benefit in numerous ways to the general crypto community.  NxttyACCI is a tool and we look forward to providing more useful tools for the blockchain economy.
I did not get an answer to this question: "What makes this coin track the index of 20 cryptocurrencies?"
I'm not asking why you created this index. I'm asking how does it work.
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youandmeletsgo

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #32 on: January 20, 2016, 04:01:47 am »

Will you also be providing a guide on how nxttycoin holders will be getting NxtyACCI? i got some in my nxtty mobile app and some on an exchange too.
Yes....please note that NxttyACCI will not be sent to exchanges the Nxtty must be in your own account.

in my own account...where??
NXT Monetary System? i tried it but don't see nxttycoin anywhere when i search for it.
SAE? But SAE will no longer be available as of January 21st, 2016. So do i leave my nxttycoins in there?
myNXT? i have to install this assets plugin first right? so that i can transfer.

Also, for the NXT Monetary System, how much is the fee in NXT do i need to update account info?

Hey!! if you have nxtty coin on your mobile app, here is how you could access them from Nxt platform on your desktop: youtube.com/watch?v=U7MEnWQlmBM

Thanks! that helped me greatly.  ;D



Update


NxttyACCI distribution to Nxttycoin holders has begun today and will run for the next two weeks, if you wish to receive your NxttyACCI stake please move your Nxttycoin to your main account from Bter exchange wallet.


Thank you

(1) main account = the NXT Monetary System account right?

(2) So you said "NxttyACCI will not be sent to exchanges". However, nxttycoin on BTER exchange are held in NXT Addresses. Aren't those addresses already created in the NXT Monetary System? if they are, then ACCI will still be credited to those NXT Addresses? but it won't exist on BTER exchange since there won't be any registry or data about ACCI on BTER's Database. Wouldn't there be some kind of conflict regarding ownership? its like BTER's NXT Addresses owns people's ACCI and these people have no access to their ACCI?

(3) okay...now i would like to know this - has ANYBODY tried withdrawing their nxttycoin from Bter? and if you did succeed in doing so, how many days (or hours hopefully) did you wait? Because i don't wish to send all and have them lock up in "Transaction in Process". my best guess is 7 days? there are some feedbacks regarding "Bter Withdrawals" on this forum thread:

bitcointalk.org/index.php?topic=1215679.0

(4) Is there 2FA on NXT Monetary System? i feel that there is a serious lack of security features in place. although i know everything requires a passphrase in order to execute a function like buying, selling, transfering, updating info, etc...i just don't quite like the idea of how easy it is another person can gain access to the wallet of a random NXT Address. kinda like allowing anybody to view the contents of my physical wallet but not able to do anything to it like take anything out. it's my first time coming across such a Login System and SAE wasn't like this. so....quite new to it. otherwise, please help me to put my concerns at ease. thank you.
« Last Edit: January 20, 2016, 07:34:52 am by youandmeletsgo »
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Kevinrasf

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #33 on: January 20, 2016, 09:48:54 am »

Will you also be providing a guide on how nxttycoin holders will be getting NxtyACCI? i got some in my nxtty mobile app and some on an exchange too.
Yes....please note that NxttyACCI will not be sent to exchanges the Nxtty must be in your own account.

in my own account...where??
NXT Monetary System? i tried it but don't see nxttycoin anywhere when i search for it.
SAE? But SAE will no longer be available as of January 21st, 2016. So do i leave my nxttycoins in there?
myNXT? i have to install this assets plugin first right? so that i can transfer.

Also, for the NXT Monetary System, how much is the fee in NXT do i need to update account info?

Hey!! if you have nxtty coin on your mobile app, here is how you could access them from Nxt platform on your desktop: youtube.com/watch?v=U7MEnWQlmBM

Thanks! that helped me greatly.  ;D



Update


NxttyACCI distribution to Nxttycoin holders has begun today and will run for the next two weeks, if you wish to receive your NxttyACCI stake please move your Nxttycoin to your main account from Bter exchange wallet.


Thank you


(3) okay...now i would like to know this - has ANYBODY tried withdrawing their nxttycoin from Bter? and if you did succeed in doing so, how many days (or hours hopefully) did you wait? Because i don't wish to send all and have them lock up in "Transaction in Process". my best guess is 7 days? there are some feedbacks regarding "Bter Withdrawals" on this forum thread:

bitcointalk.org/index.php?topic=1215679.0



After all the drama I cannot seriously understand why people still hold anything at Bter.

You are already scared of an locked up transaction doesnt that say enough already about Bter?

Ill let someone else answer the other questions.
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youandmeletsgo

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #34 on: January 20, 2016, 02:42:46 pm »

Will you also be providing a guide on how nxttycoin holders will be getting NxtyACCI? i got some in my nxtty mobile app and some on an exchange too.
Yes....please note that NxttyACCI will not be sent to exchanges the Nxtty must be in your own account.

in my own account...where??
NXT Monetary System? i tried it but don't see nxttycoin anywhere when i search for it.
SAE? But SAE will no longer be available as of January 21st, 2016. So do i leave my nxttycoins in there?
myNXT? i have to install this assets plugin first right? so that i can transfer.

Also, for the NXT Monetary System, how much is the fee in NXT do i need to update account info?

Hey!! if you have nxtty coin on your mobile app, here is how you could access them from Nxt platform on your desktop: youtube.com/watch?v=U7MEnWQlmBM

Thanks! that helped me greatly.  ;D



Update


NxttyACCI distribution to Nxttycoin holders has begun today and will run for the next two weeks, if you wish to receive your NxttyACCI stake please move your Nxttycoin to your main account from Bter exchange wallet.


Thank you


(3) okay...now i would like to know this - has ANYBODY tried withdrawing their nxttycoin from Bter? and if you did succeed in doing so, how many days (or hours hopefully) did you wait? Because i don't wish to send all and have them lock up in "Transaction in Process". my best guess is 7 days? there are some feedbacks regarding "Bter Withdrawals" on this forum thread:

bitcointalk.org/index.php?topic=1215679.0



After all the drama I cannot seriously understand why people still hold anything at Bter.

You are already scared of an locked up transaction doesnt that say enough already about Bter?

Ill let someone else answer the other questions.

haha...because i transferred my nxttycoins to Bter way back last year. and didn't keep track of Bter's status. hence the situation i am in right now. the only drama i know is Craptsy. =D
« Last Edit: January 20, 2016, 02:54:35 pm by youandmeletsgo »
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landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #35 on: January 20, 2016, 08:39:42 pm »

Is this index evenly weighted?


It is evenly weighted....also just to clarify btc is not included in the index.

eB101

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #36 on: January 20, 2016, 09:24:43 pm »

Is this index evenly weighted?

It is evenly weighted

How is this weight reflected anyways? The piece I am missing in this thread is the mechanism that reflects the indice average of the index in the actual NXT System (AE/MS)?

For example, a web service call that calculates the indice of the index in real time based on coinmarketcap, and places a buy wall accordingly (which could be higher or lesser than previous buy wall). Only then a market of speculation can take place. But I don't think that's the way you are going especially putting a buy wall part which seems impossible in a permanent way, so what's enforcing any kind of speculation honesty (in NXT) from the issuer from which traders can play around with. Otherwise, we could say that the index is based on the value of government debts and it would change nothing right?
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landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #37 on: January 21, 2016, 06:46:14 pm »


I did not get an answer to this question: "What makes this coin track the index of 20 cryptocurrencies?"
I'm not asking why you created this index. I'm asking how does it work.

I am sorry for misreading your question.....a full breakdown of how the index works will be provided shortly.

landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #38 on: January 21, 2016, 07:04:31 pm »

Is this index evenly weighted?

It is evenly weighted

How is this weight reflected anyways? The piece I am missing in this thread is the mechanism that reflects the indice average of the index in the actual NXT System (AE/MS)?

For example, a web service call that calculates the indice of the index in real time based on coinmarketcap, and places a buy wall accordingly (which could be higher or lesser than previous buy wall). Only then a market of speculation can take place. But I don't think that's the way you are going especially putting a buy wall part which seems impossible in a permanent way, so what's enforcing any kind of speculation honesty (in NXT) from the issuer from which traders can play around with. Otherwise, we could say that the index is based on the value of government debts and it would change nothing right?

Once the index is fully deployed.....there will be simultaneously buy & sell walls at all specific index price points published to the Nxt blockchain.  In the screenshot below the index price point is 97.26924264 NXT ....which is the USD price of 0.671698 at that specific point in time. 

NxttyACCI does not use a points system such as the S&P 500 & Dow Jones Industrial instead we use a USD equivalent.  In the example below the USD price point at which the index is located is 0.671698 US cents reflected in the Nxt system as 97.26924264 NXT coins.


youandmeletsgo

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #39 on: January 22, 2016, 09:54:17 am »

I wonder what is wrong with Bter. never mind how long it takes. but the fact that it has >55 million nxttycoins in its NXT address, i don't see how is there a problem trying to withdraw just some 1000s of nxttycoins. its this NXT address: NXT-LVKY-Q9KY-5Q2Z-AV9JA

You can check out the wallet's contents, what assets it holds, etc...at NXT Monetary System. so according to Landomata, ACCI won't be sent to exchanges. BUT you see, Bter has an NXT Address too and it exists in the NXT Monetary System too. So if none of those 55 million nxttycoins gets moved, won't Bter have like about 44 million ACCI 2 weeks from today??? Unless of course NXT Addresses tied to exchanges aren't part of the ACCI Distribution, then that's fine. but it would be for the best if it is included and Bter has plans to add ACCI to their exchange and all accounts holding nxttycoins will be updated accordingly.

But i'm not gonna put my fingers on that.

clarifications on this please. thank you.
« Last Edit: January 22, 2016, 10:06:36 am by youandmeletsgo »
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