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Latest Stable Nxt Client: Nxt 1.12.2

Author Topic: New to NXT & Cryptocurrency in general  (Read 884 times)

Twistedshadow

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New to NXT & Cryptocurrency in general
« on: September 18, 2014, 01:33:20 pm »

Hi everyone. I had read a little a bout Bitcoin a year or so ago and decided to pass. Recently a friend posted about NXT on another board and got me interested. I'm still a little skeptical about Cryptocurrency but it seems to be catching on in a big way. I recently created my NXT acct. It may be a while before I can really get any NXT to work with. That's ok because I still have a lot to learn, lol.

Look forward to getting to know some of you here on the board.


Twisted
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shin

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Re: New to NXT & Cryptocurrency in general
« Reply #1 on: September 18, 2014, 04:28:17 pm »

Hey Twisted. Welcome to the community.

A word of advise from me: make sure your NXT wallet has a very strong password / passphrase and safe it somewhere secure. This will save you from a lot of headache :)

And have a look around, there are some interesting things going on here. :)
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Twistedshadow

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Re: New to NXT & Cryptocurrency in general
« Reply #2 on: September 18, 2014, 08:41:53 pm »

I did some research today on cryptocurrency... I had no idea that there were so many out there... All I had heard about before NXT was BTC & BTC Lite (I think that's right).

Yes, security is a primary concern and the one thing that stopped me from getting involved with BTC when I first looked into it. One thing attracted me to NXT is I don't have to have some super system to mine coins.  :)
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altcoinherald

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Re: New to NXT & Cryptocurrency in general
« Reply #3 on: September 25, 2014, 11:32:31 am »

Hello and welcome to the forums!

It's nice to meet you - and yes, there are a lot of Cryptos available - choose wisely and you will be all right!

achim

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Re: New to NXT & Cryptocurrency in general
« Reply #4 on: September 25, 2014, 12:19:11 pm »

One thing attracted me to NXT is I don't have to have some super system to mine coins.  :)
Welcome!

That's right. We call this process "forging".

Forging has the purpose of writing transactions into blocks that are stored in the network. The more nodes that participate in this process, the safer the network.

Keep in mind that forging only gives a very small reward, it won't make you rich (doesn't work like Bitcoin where the inflation subsidies the miners, in Nxt we have a fixed supply). It's mainly for helping to secure the network.
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lucky88888

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Re: New to NXT & Cryptocurrency in general
« Reply #5 on: September 25, 2014, 12:28:27 pm »

welcome!

MAKE sure you know how to create a super strong random passphrase with all sorts of combinations! BUT to make it easier just use the generated random words the client creates for you!

forging isn't something you can make money out of, its more of you protecting your own investment.
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lucky331

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Re: New to NXT & Cryptocurrency in general
« Reply #6 on: October 10, 2014, 01:46:36 pm »

welcome!

please tell us more on what you like about Nxt and how you plan to help the community going forward here:  https://nxtforum.org/assets-board/go-nxt-campaign-an-asset-(and-proactive-giveaway)/

then post your nxt address and we'll send you a little gift courtesy of nxtforum.org and the go nxt! campaign. 

thank you. 
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rajc

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Re: New to NXT & Cryptocurrency in general
« Reply #7 on: October 11, 2014, 08:44:50 am »

welcome!

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